IT services company Happiest Minds has secured a funding of $45 million from Canaan Partners and Intel Capital.
Commenting on this, Mr Ashok Soota, Executive Chairman, Happiest Minds, said, “Canaan Partners and Intel Capital have already demonstrated their ability to add considerable value to Happiest Minds. We are very pleased that they have partnered with us to build India's next-generation IT solutions and services company.”
Mr Alok Mittal, Managing Director of Canaan India, said, “Canaan recognises the huge potential of Happiest Minds to become one of the world's foremost next-gen IT solutions and service companies.”
Mr Sudheer Kuppam, Managing Director, Intel Capital Asia Pacific region, said, “Happiest Minds' cloud, mobility, and security solution architectures can accelerate market adoption of such disruptive technologies, with attendant benefits for the vendor ecosystem.”