Netscribes raises second round capital from Basil Growth Corporation

Mumbai: Netscribes, a provider of knowledge services, has secured second round capital from Basil Growth Corporation, a Mauritius based venture capital firm. The company already has New York based Insight venture partners as its investor from its first round of funding.

The funds would be used by Netscribes to rapidly expand its operations across U.S., Europe and Asia-Pacific regions. Netscribes is in the process of expanding its service offerings across Research and Market Intelligence to strengthen its position as a leading Knowledge Services provider.

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Speaking on the investment, the Managing Partner of Basil, Rajeev Srivastava said "Globally, we see a tremendous demand for Knowledge Services to drive the aggressive growth plans of organizations. Netscribes, with its value proposition across Research, Sales & Market Intelligence, Knowledge Management and a very experienced and committed management team fits the profile of organisations we seek to invest into a sound and high quality management team, a niche focus, high growth industry and a profitable business model. We are confident about the scalability of the venture and our ability to add value to it."

"We are entering an exciting phase in Netscribes and will be rapidly expanding our workforce to drive the aggressive growth plans we have put together, which include interesting inorganic opportunities too," said Sourav Mukherjee, Founder and CEO, Netscribes.