Antuit secures $56 million funding led by Goldman Sachs

NEW DELHI: Antuit Holdings Pte Ltd, a big data solutions firm, today said it has secured an investment of up to USD 56 million (about Rs 345 crore) led by global investment bank Goldman Sachs.

Besides, Zodius Capital, an original founding investor in Antuit, also participated in investment.

The funding will support further global expansion through organic growth and acquisitions.

Antuit, founded in 2013 by Arijit Sengupta and Neeraj Bhargava of Zodius, is a big data solutions firm that enables enterprise clients to unlock business value through a spectrum of data management, visualisation, predictive and optimisation solutions.

In conjunction with the investment, Goldman Sachs Managing Directors-- Ankur Sahu and Vishal Bakshi-- will join the Antuit Board of Directors, where Neeraj Bhargava serves as Chairman.

"The rapidly growing USD 10 billion plus big data services market is ripe to be organised and consolidated under a market leader," Antuit CEO Arijit Sengupta said in a statement.

"Goldman Sachs, an experienced investor in technology and services, brings us not only capital, but also deep expertise around how to grow into such a company and a global network of corporate relationships which will be instrumental to Antuit's success," he added.