Kwench to raise $4-5 million, with eye on US market

April 6, 2015
Enterprise Tech and Services
Blogs

Employee engagement firm Kwench to raise $4-5 million as it looks to enter the US market and double revenue to Rs.50 crore by March 2016.

The company, which expects Rs.100 crore revenue in the next 24 months, will also expand to the UK, Europe and South-East Asia during this period, co-founder Krishnan Madhabushi said.

Last month, Kwench received $500,000 as a bridge round from existing angel investors—Google India managing director Rajan Anandan, HCL Technologies Ltd founder member Ajai Chowdhry and Genpact Ltd founder Pramod Bhasin.

Mumbai-based Kwench was started in 2008 by IIM Ahmedabad alumni Sunder Nookala, Prashant John, Madhabushi and Mitesh Damania.

“Today, there is a serious fight for talent in the country and companies have realized that they have to go just beyond offering the normal rewards programmes to make efficient talent stay,” said Sumir Verma, managing director at Merisis Advisors.

Read full article here: http://www.livemint.com/Companies/vMJ7lrNVL6pDnf796Fh7wI/With-eye-on-US-market-Kwench-to-raise-45-million.html

AUTHORS

No items found.

Suggested READS

M&A Activity in IT Services: Key Trends in 2025 Shaping the Industry’s Future
Press
TVS Motors acquires 48% stake in Narain Karthikeyan's two-wheeler startup DriveX
Press
Venture capitalists add tough riders to fund-raising pacts
Press
Merisis advises Zwitch on its sale to Transerv
Press
Merisis advises Truebil on US$14 mn funding round fromJoe Hirao & others
Press
Merisis Advisors advised Neoteric on the acquisition
Press

Suggested READS

Merisis Group’s ValueBridge Capital Acquires Boon Capital to Strengthen Early-Stage Fundraising Advisory
Press
M&A Activity in IT Services: Key Trends in 2025 Shaping the Industry’s Future
Press
Enterprise Tech Insights 2024: Unveiling Top Investor Trends Shaping the Digital Landscape
Press
Driving Investments: Key trends in transportation and cleantech for 2024
Press
From RegTech to cross-border, fintech trends to watch out for in 2024
Press
Point of Sale Sector: Projected Trends For 2024 and Beyond
Press
The Glittering Landscape of India's Jewellery Industry
Blogs
TMT Bankers in Demand – Increasing Trend of using Investment bankers in Technology Deals
Blogs
Decoding Growth & Investments in the Footwear Industry
Blogs
Revolutionizing Grooming: How New-Age Brands Are Transforming the Men's Grooming Landscape in India
Blogs
Enterprise Tech & Services - Driving 2023 with 6 key trends
Blogs
Consumer Spotlight Q3 FY 2016 – M&A and Private Equity Perspective on the Consumer Sector in India
Blogs
No items found.
No items found.
https://thehubops.com/