Chiratae News

Agile FT gets $5.7 m from IDG Ventures India

The Hindu Business Line

May 4, 2011

Mumbai: IDG Ventures India (IDGVI), a $150-million technology venture capital fund, has pumped in $ 5.7 million in BFSI software products company, Agile Financial Technologies (Agile FT). Agile FT announced the completion of the Series A financing on Tuesday.

The funding will enable Agile FT’s organic and inorganic growth plans, and expansion into new markets, informed a company statement. Agile FT currently has a footprint in the Middle East, Europe, Africa and Asia, and claims a channel presence in 20 countries.

Mr. T.C. Meenakshisundaram and Mr. Hemir Doshi of IDGVI will join the board of Agile FT.