Helical IT Solutions, a provider of data warehousing and business intelligence services has raised angel investment of R25 lakh from Singapore based Citibank official.
The company plans to use the funds primarily for recruitment and partnering with leading Business Interlligence vendors in the open source space such as Jaspersoft and Pentaho.
Founded by Nikhilesh Tiwari and Nitin Sahu in 2011, Helical IT provides business intelligence, data warehousing, data visualization, data modelling and business intelligence using social media tools.
DLF has approached Bank of America-Merrill Lynch, Deutsche Bank, JPMorgan and Standard Chartered, along with CLSA, HSBC, Kotak, and UBS to sell up to 81 Mn shares, Mint states.
UTI Ventures Funds Management Company Private Limited, the private equity investment subsidiary of UTI Asset Management Co Pvt Ltd, has sold its stake in Ascent Capital Pvt Ltd to the management of the firm, which is headed by Raja Kumar.