Analytics and decision support services provider Mu Sigma has received private equity funding of $108 million round by General Atlantic.
The company will use the investment funds to accelerate its growth and use some of the funds of the proceeds to purchase shares held by existing shareholders, all of whom will continue to have stakes in the company, a press statement said. The company is also funded by Sequoia Capital which increased its stake to about $50 million in this round of funding, Mr Dhiraj Rajaram, Founder and CEO of Mu Sigma, said.
The US-based company, which has its main delivery centre in Bangalore, works with companies across multiple verticals, solving high-impact business problems in the areas of marketing, supply chain and risk analytics.