The company has raised a total of $42 million (Rs 256 crore) in venture funding so far but has spent just over a third of it.

The deal values the five-year old venture at around $120 million (Rs 730 crore) according to a person with knowledge of the transaction.

The next generation of India’s Infosyses and Wipros is taking shape rapidly, taking advantage of the big shifts in the technology landscape.

ET profiles five top technology companies that are on the path to firmly establish India as the product hub of the world.

Ideas often lose their way if not guided properly. And that’s where mentors come in.