Beroe Inc., a global leader in procurement intelligence and analytics has raised $10 million funding in a round led by Access India Fund, a private equity fund specializing in investments in the Indian mid-market sector and advised by MAPE Advisory Group.
Beroe will deploy these funds towards further investments in category expertise, technology and aggressive revenue growth.
"Access' vast experience with services companies of similar size and their shared vision and ambition for our business makes it a perfect partnership. I look forward to the fast track growth journey we have ahead of us," Beroe Chief Executive, Vel Dhinagaravel said.
Beroe's unique business model involves providing market intelligence and analytics to the procurement teams of large businesses across the globe. The company leverages its deep domain expertise in 300 + categories across 14 industries. It boasts of more than 80 of the Fortune 500 companies as its clients.
Access India Fund is focusing on mid-market private equity investments in India. Access was founded by Nilesh Mehta and Sangeeta Modi in 2011. Its other investments include J K Shah Classes, Nobel Hygiene Ltd, Alliance Insurance Brokers and Teleysia Networks.
