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NetAmbit raises 
50 Crore
By siliconindia
Noida: NetAmbit Infosource and e-Services has raised 
50 crore from Helion Venture Partners, Bessemer Venture Partners and SVB India Finance, a subsidiary of Silicon Valley Bank.
The existing investors, Helion and Bessemer have invested 40 crore of equity capital, while SVB has lend 10 crore debt. As per the management team of NetAmbit Infosource and e-Services, the fund will be used in IT infrastructure and expansion of its office network for training additional employees.
NetAmbit is a Financial Services Distribution company. It has a highly profitable business model with several strong distribution channels retailing a range of different products. With over 3500 workstations, 800 field agents, 34 branches and hundreds of business associates, NetAmbit caters to the largest section of population in India as compared to any other Financial Services Distribution company.
Founded in the boom phase of dotcom, year 2000, it started its services as a provider of web capabilities to several internet portals and soon tailored its business goals according to the changing times to initiate its entrance to the 'Direct Marketing' model of operations which has remained its bastion to date and is known as "NetAmbi Model" in the financial industry. Currently, it is one of the fastest growing privately held players in the industry with more than 100 percent growth rate, year-on-year.
With a vision to provide Indians with convenient access to financial solutions, their mission is to is to be the largest and most trusted name in financial products distribution in India, delivering solutions that fulfill today's needs and tomorrow's dreams.
50 crore from Helion Venture Partners, Bessemer Venture Partners and SVB India Finance, a subsidiary of Silicon Valley Bank.
The existing investors, Helion and Bessemer have invested 40 crore of equity capital, while SVB has lend 10 crore debt. As per the management team of NetAmbit Infosource and e-Services, the fund will be used in IT infrastructure and expansion of its office network for training additional employees.
NetAmbit is a Financial Services Distribution company. It has a highly profitable business model with several strong distribution channels retailing a range of different products. With over 3500 workstations, 800 field agents, 34 branches and hundreds of business associates, NetAmbit caters to the largest section of population in India as compared to any other Financial Services Distribution company.
Founded in the boom phase of dotcom, year 2000, it started its services as a provider of web capabilities to several internet portals and soon tailored its business goals according to the changing times to initiate its entrance to the 'Direct Marketing' model of operations which has remained its bastion to date and is known as "NetAmbi Model" in the financial industry. Currently, it is one of the fastest growing privately held players in the industry with more than 100 percent growth rate, year-on-year.
With a vision to provide Indians with convenient access to financial solutions, their mission is to is to be the largest and most trusted name in financial products distribution in India, delivering solutions that fulfill today's needs and tomorrow's dreams.