PE-VC Fund Investments
App testing services co. Mozark raises $40-M Series B round
Investor Disclosure Advisor Disclosure Entrackr Mozark
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.
Between Feb 2019 and Dec 2024, Mozark had attracted about USD 5.18 M from VentureSoul Partners, BlackSoil Capital, Kalaari Capital.For FY24, Mozark had reported about INR 22 Cr in Operating Income and about INR 0.11 Cr in PAT.
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