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Carpediem-backed BPM provider acquires accounting services player

VCCircle

VCCircle · 10m ago

Carpediem-backed BPM provider acquires accounting services player

A Carpediem Capital-backed business process management (BPM) services company has acquired a Hyderabad-based finance and accounting services provider. Carpediem Capital, known for investments in companies like Biryani Blues and Sindhuja Microfinance, seeks strategic expansion despite a slow 2024. This acquisition aligns with their growth framework, aiming to enhance service offerings and market reach in finance and accounting sectors, leveraging BPM capabilities to strengthen their market position.

Related News

One Point One Solutions signs pact with new hyperlocal retail client

Thehindubusinessline

Thehindubusinessline · 1y ago

One Point One Solutions signs pact with new hyperlocal retail client

One Point One Solutions, a leader in Business Process Management (BPM) services, has secured a Gurgaon-based startup client in the hyperlocal retail industry. They will provide BPM services such as customer support and order management to enhance user engagement and create a seamless shopping experience. This partnership aims to leverage the opportunities presented by the government-backed Open Network for Digital Commerce (ONDC), which is expected to increase e-commerce penetrations in the next two years. One Point One Solutions is committed to delivering exceptional experiences and expanding their customer support solutions through this partnership.

French company Teleperformance eyes India expansion

Economic Times

Economic Times · 1y ago

French company Teleperformance eyes India expansion

French BPM company Teleperformance plans to expand its operations in India, aiming to add 60,000 employees and open 40 new sites in the country over the next three years. The company sees India as a key player in the global outsourcing market, with its talent pool, service breadth, and scale advantages. Teleperformance, currently one of the top 5 BPM companies globally, serves over 210 clients and intends to deepen its capabilities in India, including investments in artificial intelligence and automation. The expansion is part of a consolidation trend in the industry.

BPM companies tap growing demand from GCCs to expand - The Economic Times

Economic Times

Economic Times · 4m ago

BPM companies tap growing demand from GCCs to expand - The Economic Times

BPM companies such as Genpact and WNS are targeting global capability centers (GCCs) to offer services that help establish, scale, and digitally transform operations. By acting as transformation partners with a focus on technology and AI, these companies align with GCCs' needs for efficiency and innovation. Hybrid models enable collaboration and coexistence, benefiting both BPMs and GCCs. This trend is further driven by increased digital transformation project enquiries and strategic shifts in BPM service offerings.

Vyapar acquires accounting automation startup Suvit

Entrackr

Entrackr · 4d ago

Vyapar acquires accounting automation startup Suvit

Vyapar acquires accounting automation startup Suvit Business accounting software firm Vyapar has acquired accounting automation startup Suvit to strengthen its digital compliance solutions for Indian MSMEs. Vyapar did not disclose the size of the deal. Following the acquisition, Suvit co-founder Ankit Virani will join Vyapar as a business head, where he will oversee the integration of Suvit’s automation offerings into the broader Vyapar ecosystem, the company said in a press release. Co-founded in 2016 by Sumit Agarwal, Ruqiya Irum and Shubham Agrawal, Vyapar provides accounting software for mobile and desktop users to manage invoicing, inventory, and accounting needs. The platform enables MSMEs to handle invoicing, inventory, accounting, and compliance requirements, among other functions. Suvit, launched in 2022 by Virani and Kalpesh Zalavadiya, is an artificial intelligence and software as a service based accounting automation platform designed for chartered accountants and tax professionals. The platform aims to bridge the gap between taxation, accounting, banking, auditing, professionals and users to streamline workflows and reduce manual effort. It claims to serve more than ten thousand practicing firms and thirty thousand accountants. The combined entity, after the acquisition, will enhance operational efficiency and offer richer compliance features to MSMEs and tax professionals, accelerating adoption of software as a service and artificial intelligence, the company added. According to market research, the accounting software market in India is valued at about $3.38 billion in 2024 and is projected to reach $5.75 billion by 2030. Vyapar competes directly or indirectly with other startups in this segment such as Clear and SahiGST. The company claims to have served more than one crore MSMEs since inception.

PE-backed Flipspaces looking at fresh funding as it eyes domestic, offshore M&As

VCCircle

VCCircle · 1y ago

PE-backed Flipspaces looking at fresh funding as it eyes domestic, offshore M&As

Flipspaces Technologies, a virtual reality interior design firm, is in talks for another round of fundraising to support its expansion plans. The company, backed by Carpediem Capital and Prudent Investment Managers, is exploring both domestic and international opportunities, including potential mergers and acquisitions. Flipspaces has already raised over $7.5 million in equity through previous funding rounds.

1Point1 Acquires TECHSCIENT.AI to Boost AI-Led BPM Push

StartupTalky

StartupTalky · 5m ago

1Point1 Acquires TECHSCIENT.AI to Boost AI-Led BPM Push

1Point1 Solutions Ltd. has acquired a majority stake in TECHSCIENT.AI, enhancing its AI-led Business Process Management (BPM) capabilities. This acquisition aligns with 1Point1’s strategic focus on AI-driven digital transformation and allows integration of TECHSCIENT.AI’s autonomous, no-code workflow automation platform. The enhanced capabilities enable scalable, intelligent automation across industries including BFSI, e-commerce, and healthcare. The acquisition supports 1Point1 in offering comprehensive technology-led solutions, targeting digital-first enterprises and enhancing operational efficiency. Completion is expected by September 2025.

CVC Capital-controlled Healthcare Global acquires cancer hospital

VCCircle

VCCircle · 1y ago

CVC Capital-controlled Healthcare Global acquires cancer hospital

CVC Capital-backed healthcare player, Healthcare Global Enterprises Ltd, has acquired a majority stake in Vizag Hospital, including Mahatma Gandhi Cancer Hospital and Research Institute, for an enterprise value of around $50 million. The acquisition will initially give Healthcare Global a 51% stake, followed by an additional 34% over the next 18 months. The hospital, which has 196 beds, offers a range of cancer treatments and has served over 1.5 lakh patients. The deal will enable Healthcare Global to strengthen its market position and unlock capacities.

PE firm Turkven acquires cloud services provider in third bet of 2024

VCCircle

VCCircle · 1y ago

PE firm Turkven acquires cloud services provider in third bet of 2024

Turkish private equity firm Turkven has made its third investment of the year by acquiring a local cloud and cybersecurity solutions provider. The company, which manages over $2bn in assets, has invested in Medianova, a Turkish content delivery platform and cloud security provider. This move highlights Turkven's interest in the growing cloud services market and its commitment to supporting mid-sized companies in Turkey.

Carpediem Capital makes first bet in over a year, backs co-working space firm

VCCircle

VCCircle · 9m ago

Carpediem Capital makes first bet in over a year, backs co-working space firm

Carpediem Capital, a mid-market private equity firm, has made its first investment in over a year by backing a co-working space provider. Previously focusing on companies like Biryani Blues and Sindhuja Microcredit, Carpediem's new investment marks a return to action after a quiet 2024, during which it did not add any new companies to its portfolio. This strategic move aligns with growing trends and demand in the flexible workspace sector.

Tech giant Accenture acquires Bengaluru-based Cientra Techsolution

VCCircle

VCCircle · 1y ago

Tech giant Accenture acquires Bengaluru-based Cientra Techsolution

Accenture, the IT services and consulting company, has acquired Cientra Techsolution, a silicon design and engineering services company. This acquisition follows Accenture's recent acquisition of semiconductor design services provider Excelmax Technologies. Cientra, founded in 2015, has offices in the US, Germany, and India, and specializes in engineering, development, and testing for industries such as automotive, telecommunications, and high-tech. This acquisition will enhance Accenture's silicon design capabilities and enable them to better assist clients with semiconductor innovation. Cientra brings approximately 530 engineers and practitioners to Accenture. Financial details of the deal were not disclosed.

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