Bangalore: AbsloutData that provides data analytics to various organizations has been funded an amount of $20 million by Fidelity Growth Partners India. As a result of this investment, Kabir Narang, director at the Fidelity Growth Partners, becomes the part of AbsolutData Board. With this funding , the company intends to fulfill the increasing demands for various research tools, reports Dealcurry.

AbsolutData was founded by Anil kaul, Sudashna Dutta and Suhale Kapoor and it provides research services which fetches profits for its customers. These tools help various organizations across the globe to improve marketing by providing various marketing strategies. The company particularly deals with high end business analytics, predictive modeling, and reporting and data management services.

Fidelity Growth Partners deals with cross sector growth capital investing. The company aims to invest in high quality emerging companies in India in various sectors with an approximate investment ranging from $10 million to $ 50 million.

Other investments by Fidelity Growth Partners

It has recently invested 200 crore in a Hyderabad based company Aptuit Laurus private Limited, a drug company.