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Data analytics player TheMathCompany raises $50-M led by Brighton Park Capital

Economic Times  

Bangalore-based analytics BPO firm TheMathCompany has raised USD 50 million in a new round of funding led by Brighton Park Capital. Arihant Patni has also participated in this round. Jeff Machlin, partner at Brighton Park, will join TheMathCompany's board. Avendus Capital served as financial advisor and Shardul Amarchand Mangaldas & Company, as legal counsel to TheMathCompany. Bharucha & Partners and Paul Weiss served as legal counsel to Brighton Park Capital. The startup will use the fresh capital to accelerate expansion in the US and EU markets, as well as enhance its next-generation, proprietary platform, Co.dx, which drives value for businesses through analytics at speed and scale. Founded by Sayandeb Banerjee, Aditya Kumbakonam, and Anuj Krishna, TheMathCompany employs nearly 1,000 data scientists, data engineers, and domain experts. The company claims to partner with Fortune 500 customers across the CPG, Retail, Pharma, Automotive, Technology, and Manufacturing industries in the US, UK, and EU.

From the Venture Intelligence PE-VC Deal Database: Between May-19 and Jun-20, TheMathCompany had raised about USD 4.4 million from Patni Family promoted RAAY Global Investments. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)