On Monday, Vinsys, a Pune-based multinational company specializing in IT and software services, effectively concluded its pre-IPO funding round.
NAV Capital Emerging Star Fund, xMultiplied, Nova Global Opportunities Fund, Aegis Investment Fund, and Sambhavnath Investments were among the investors who participated in the recent funding round. In addition to these domestic players, the company also announced its intention to list on the SME exchange and enlisted Beeline Capital Advisors as its merchant bankers earlier this month, as per reported by BW Disrupt.
The category I Singapore-based FPI NAV Capital Emerging Star Fund (NAVESF) focuses on the Indian SME market. Vineet Arora, Managing Director, NAV Capital, said, “Backed by strong management and promoters, we believe Vinsys is an Indian multinational in the making with offices spread across the globe. Being an early-stage investor in such quality Indian companies aspiring to dominate the global stage, we at NAV Capital are driven to create a substantial capital appreciation for our investors.” NAV Capital Dubai is an investment advisor to NAVESF.
Vinsys was established by Vikrant Patil to serve as a specialized training center catering specifically to a targeted clientele within the IT industry. The company focuses on providing customized courses that address the specific needs of key sectors such as BFSI (Banking, Financial Services, and Insurance), telecommunications, and government departments, where IT and process training play a vital role.