Secova bags $8 mn from BPEP
Secova, provider of HR and benefits management services, has secured $8 million in new funding from Baring Pvt Equity Partners (BPEP), an international equity fund.
By PTI |
CHENNAI: Secova, provider of HR and benefits management services, has secured $8 million in new funding from Baring Pvt Equity Partners (BPEP), an international equity fund.
The new funding will primarily be used for growth initiatives, including sales, marketing and business development, as well as servicing new business signed in the recent past, a company release said here on Monday.
The company's recent wins in the last two months include a Fortune 500 client and a $1 billion client with 20,000 employees, the release said.
"The new funding from BPEP will allow us to be even more aggressive in our pursuit of new clients, delivering our unique HRO capabilities to a wider spectrum," said Venkat Tadanki, Co-Founder and CEO, Secova.
The new funding will primarily be used for growth initiatives, including sales, marketing and business development, as well as servicing new business signed in the recent past, a company release said here on Monday.
The company's recent wins in the last two months include a Fortune 500 client and a $1 billion client with 20,000 employees, the release said.
"The new funding from BPEP will allow us to be even more aggressive in our pursuit of new clients, delivering our unique HRO capabilities to a wider spectrum," said Venkat Tadanki, Co-Founder and CEO, Secova.
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