Yethi Consulting raises Series A equity funding
By Leandra Monteiro
Yethi, a Bengaluru-India-based firm has raised Series A capital as equity funding from Baring Private Equity India.
Yethi is a specialized provider of automated IT testing solutions for enterprises. It has over 100 clients across India, Europe, Middle East and Africa. ‘Tenjin Enterprise’, the flagship product of the Company, has been implemented with leading banks across the globe with great success. ‘Tenjin Online’ is Yethi’s B2B SaaS offering for codeless test automation targeted at the digital transformation within enterprises.
Rahul Bhasin, Managing Partner at Baring PE India said, “Yethi has created the most comprehensive futuristic automated testing platform. Financial institutions have to evolve quickly in the era of digitization and need to dynamically secure their technology platforms with concurrent testing. Yethi is an ideal next generation partner for the same. We are privileged that they have chosen to partner with us for this exciting growth journey.”
Srirang Srikantha, CEO and co-founder of Yethi said, “The team at Barings brings decades of experience, not just as investors, but having actively managed and grown firms. We were instantly attracted by their immediate grasp of the value proposition as well as their deep experience. Tenjin has been widely accepted within India and the capital infusion will help us accelerate our growth in international markets”.
Baring Private Equity India, a member of Baring Private Equity International, is one of the earliest PE funds in India with 22 years of investment experience across sectors & economic cycles. Funds advised by Baring India have a track record of having invested in over 75 companies across 5 funds and a reputation for building outstanding businesses in India over the last two decades. DC Capital was the exclusive advisor to the transaction. DC Capital is an India-based boutique investment banking and advisory firm that serves clients globally.
IBSi Daily News Analysis
December 05, 2022
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