United States based Silver Lake Kraftwerk and Nexus Venture Partners has made a strategic investment of $ 40.75 million in Eka Software Solutions, a commodity management platform.
The company plans to use the newly raised funds for growth expansion and also acquire new functional capabilities.
Founded in 2004, Bangalore based Eka develops commodity trading and risk management software. The company’s main product is an end-to-end commodity management platform covering trading and position management, physical supply chain, enterprise risk management and compliance and analytics.
The sectors covered by the companies product include agriculture, energy and metals and mining sectors with customers that include commodity marketers, traders, miners and manufacturers.
This investment is Silver Lake Kraftwerk’s first investment in India and Silver Lake Kraftwerk’s second investment outside of the United States.
Yesterday security solutions company Druva raised $25 mn in Series C funding from existing investors Sequoia Capital, Nexus Venture Partners and Tenaya Capital, a new investor.