Kedaara Capital has invested over $350 million in Impetus Technologies, a data, analytics, and AI solutions provider catering to clients in the US and Europe.
In a statement on Thursday, Kedaara announced that the funding would help Impetus expand its presence in the fast-growing market and foster innovation. The company plans to utilize Kedaara’s global expertise to accelerate its organic growth.
Impetus operates across various industries, including financial services, healthcare, and travel.
“Data, Analytics and AI are key drivers for innovation in the technology landscape and represent some of the fastest growing markets, advancing transformation across industries,” Kedaara’s founder and managing partner Sunish Sharma said.
Sharma stated that the investment would enable Impetus to enter its next growth phase and advance its mission of providing state-of-the-art solutions.
As data and AI-based services continue to gain traction across industries, companies like Impetus have emerged as major beneficiaries, utilizing data-driven insights to foster innovation and achieve competitive advantages. Gartner says the market will double, surpassing $500 billion in the coming years.
In addition to its expertise in data, analytics, and AI, Impetus offers enterprise software solutions designed to accelerate business transformation with up to 95% automation while maintaining operational efficiency, according to the company. It has also established strategic partnerships with leading firms such as AWS, Databricks, Google Cloud, Microsoft, and Snowflake.
Founded in 1996 by Ritu Bapna and Praveen Kankariya, the California-based company has a strong presence in industries like education and telecommunications. Impetus provides tailored services, including automated data platform modernization, cloud cost optimization, data platform development, and data catalogue enhancements, enabling businesses to leverage data responsibly for GenAI applications.
Kedaara oversees over $6 billion in investments across various sectors, including consumer goods, financial services, pharmaceuticals/healthcare, and technology/business services.
In the previous year, the firm closed its largest-ever Indian private equity fund, totalling$1.74 billion. Notable companies in its portfolio include Perfios, Purplle, Lenskart, K12 Techno Services, and GS LAB.
