Perfios raises $229 mn from Kedaara Capital

New Delhi, Sept 12: Global B2B software-as-a-service (SaaS) company Perfios on Monday announced to raise $229 million in its Series D funding from leading private equity investor Kedaara Capital. The fundraise, through the combination of a primary fund raise and a secondary sale, is one of the largest investments in an Indian B2B SaaS company this year. Perfios, a market leader in India with a strong footprint in the Middle East and Southeast Asia, said it plans to deploy the funds in fuelling its continued global expansion plans in North America and Europe. The company also plans to invest in new-age technologies to enhance its comprehensive stack of Decision Analytics SaaS products to solve the entire end-to-end customer journey across banking, insurance and embedded commerce. “Led by one of the strongest teams in the space, Perfios has created truly the best-in-class fintech SaaS business that plays on the strong secular growth and increasing digitization levels in the financial services sector in India and globally,” said Nishant Sharma, Founder and Managing Partner, Kedaara Capital.