Fidelity Growth Partners Puts $20M into AbsolutData

Fidelity Growth Partners, the private equity arm of Fidelity Worldwide Investment, said on Thursday it will invest about $20 million in Indian data analytics services provider AbsolutData against a minority stake, Reuters wrote Thursday.

(Reuters) – Fidelity Growth Partners, the private equity arm of Fidelity Worldwide Investment, said on Thursday it will invest about $20 million in Indian data analytics services provider AbsolutData against a minority stake.

The funds would be used to scale up AbsolutData’s global delivery footprint to meet demand for advanced and big data analytics, both the companies said in a statement. (Reporting by Indulal PM; Editing by Anand Basu)