US private equity fund Norwest Venture Partners has invested $15 million in Manthan Systems, an unlisted Indian software products company, writes Reuters. Existing investors in the company include Fidelity Growth Partners and IDG Ventures.
Reuters – US private equity fund Norwest Venture Partners has invested $15 million in Manthan Systems, an unlisted Indian software products company, for a minority stake, the Indian company said on Wednesday.
Manthan Systems provides business intelligence and analytics solutions for the retail and consumer packaged goods industries.
Existing investors in the company include Fidelity Growth Partners and IDG Ventures, Manthan said.
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