Near Intelligence to go public via a SPAC merge with KludeIn I Acquisition in a $1bn deal.

Near Intelligence, a SaaS company in privacy-led data intelligence on people, places and products, agreed to go public via a SPAC merge with KludeIn I Acquisition, a special purpose acquisition company, in a $1bn deal. "I am thrilled to partner with Anil and the entire team at Near as they continue to help global enterprises better understand consumer behavior and derive actionable intelligence from their global, full-stack data intelligence platform. We believe this merger is highly compelling based on the diversified global customer base, superior SaaS flywheel and network effects of Near's business, highlighted by the company's strong customer net retention," Narayan Ramachandran, KludeIn Chairman and CEO.