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Norwest Venture Partners completed a $32m investment in Celebal Technologies.

Financials

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Transaction Value£26m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Minority

software consulting

Cross Border

Private

it consulting

Engineering Consulting

Private Equity

Acquisition

Completed

Friendly

Single Bidder

India

Synopsis

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Norwest Venture Partners, an American venture and growth equity investment firm, completed a $32m investment in Celebal Technologies, a software consulting and delivery organization. "We are excited about our partnership with Norwest Venture Partners, who have an enviable track record of building scaled new-age technology companies globally. They understand our business and are passionate about companies in the next-gen Cloud, Analytics, and AI services segments. In terms of market potential, we feel we've just scratched the surface and this partnership will enable us to pursue growth opportunities in the Microsoft and Databricks ecosystem," Anupam Gupta, Celebal Technologies Co-Founder.

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