Bangalore based Eka Software Solutions Pvt Ltd, a global provider of end-to-end commodity management software, has raised around USD 41 Mn in funding led by Silver Lake Kraftwerk, along with existing investor Nexus Venture Partners.
With the funding Silver Lake Kraftwerk, will also pick up a minority stake in Eka Software.
Eka Software was launched in 2004, it provides commodity trading and risk management software. Its core product is an end-to-end commodity management platform covering trading and position management, physical supply chain, enterprise risk management and compliance and analytics. Eka works across the agriculture, energy and metals and mining sectors with customers that include many large commodity marketers, traders, miners and manufacturers.
“Greater supply chain complexity, increased commodity exposure and volatility, and rising compliance and regulatory controls are driving demand for commodity management support and solutions. Eka is a leading player in the commodity management software market and is well-positioned for growth with its differentiated technology platform and a reputation for partnering with customers” said Bryce Lee, a Managing Director at Silver Lake Kraftwerk.
This is Silver Lake Kraftwerk’s first investment in India and second investment outside of the United States.
The company would be utilizing the fresh capital for expansion purposes and to acquire new functional capabilities.
Eka is working with a team of 340 members, with offices in Asia, Australia, Europe, USA and Canada. As per the company, it is witnessing growth at 35% CAGR from over the last five years and will be looking to expand its international presence, bring new product offerings at a faster pace and acquire more companies.
Silver Lake Kraftwerk is part of Silver Lake, the global leader in technology investing with over USD 20 Bn in combined assets under management and committed capital and a team of approximately 110 investment and value creation professionals located around the world.
To contact author, email at email@example.comCategory Internet Investments News