App testing services co. Mozark raises $40-M Series B round

Mumbai- and Singapore-based digital experience testing and measurement company Mozark has raised USD 40 million in a Series B funding round. The round was led by IFC (International Finance Corporation) and RMB Capitalworks, with participation from Kalaari Capital. Indorient acted as a financial advisor on this transaction.Founded in 2019 by Chandrasekar Ramamoorthy, Kartik Raja, and Fabien Ranaudineau, Mozark is a digital experience testing and measurement company. It assists enterprises, telecom operators, public-sector organizations, and regulators in conducting real-world digital experience tests at scale.The company plans to use the newly raised funds for global expansion and strategic acquisitions.