In an interview, Dubey said the company will pursue a smaller deal instead of a major transaction for its first acquisition. He did not disclose the estimated size of a potential deal and how it would be funded.
The Bengaluru and SanJose based firm counts its three co-founders-Dubey, Sumit Mehra and Shubh Bhowmick as the majority shareholders.
Private equity firm Advent International, which invested in a $175 million Series B funding round last week, and Tredence's Series A investor Chicago Pacific Founders (CPF) also hold board positions as minority stakeholders.
The latest deal, which valued Tredence at over $500 million, also saw CPF's stake drop to less than 10% from the high 20's earlier. "They still have a stake in Tredence because they are still betting on us," Dubey said.
هذه القصة مأخوذة من طبعة January 04, 2023 من Mint Mumbai.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
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هذه القصة مأخوذة من طبعة January 04, 2023 من Mint Mumbai.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
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