Celebal Tech Raises $15 Mn In Series B Funding Round

Jaipur-based IT services provider Celebal Technologies has raised $15 million (around Rs 127.2 Cr) in its Series B funding round from InCred Growth Partners Fund-I and Norwest Capital, LLC.

The startup will use the fresh funds to expand into key global markets like North America and Europe and improve its AI-based solutions for different industries.

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It also plans to support growth and improve account management, focusing on creating AI tools for sectors like energy, manufacturing, retail/CPG, life sciences and financial services.

Avendus Capital was the exclusive financial advisor to Celebal Tech for the deal.

Founded in 2016 by Anirudh Kala and Anupam Gupta, Celebal Technologies provides AI and data software solutions and is a key service partner for Databricks and Microsoft, helping over 250 businesses worldwide with digital transformation.

It has over 2,000 employees globally. Last year, it raised an undisclosed amount in debt from BlackSoil and earlier secured $32 million from Norwest Venture Partners in 2022.

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Celebal says it has more than doubled its revenue, team size, and global reach since that 2022 funding round.

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