Private Equity

PE Fund Investments

B2B SaaS fintech unicorn Perfios attracts $229-M from Kedaara Capital

Press Release  

Bengaluru-headquartered B2B SaaS fintech startup Perfios had raised USD 229 million in Series D funding round from Kedaara Capital through a combination of primary fundraise and secondary sale.The company plans to use the primary funds to further expand in North America and Europe. It would also invest in technologies to enhance its stack of decision analytics SaaS products to deal with customer concerns across banking, insurance, and embedded commerce segments. Founded in 2008 by V R Govindarajan, and Debasish Chakroborty, Perfios serves banking, financial services, and insurance industries in 18 countries, with over 1,000 financial institutions as clients.

From the Venture Intelligence PE-VC Deal Database: Between Mar-17 and Feb-22, Perfios had raised over USD 133 M from Warburg Pincus, Bessemer and Stride Ventures. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)