Private Equity

Other Private Equity/Strategic Investments

Govt support tech provider Sapio Analytics raises $150-K from Parthiv Group

Mint  

Parthiv Group of Companies, led by Rakesh Rathi, has invested USD 150,000 in Sapio Analytics, a government advisory firm with offices in Mumbai, Palo Alto (USA) and London. The investment is in the form of cash and equity shares in select group companies of Parthiv. The investment is done at Sapio Analytics' last fair market valuation of USD 20 million and is aimed at deepening the expansion of Sapio into insurance and financing for micro and small-sized businesses, using financial instruments offered by companies of the Parthiv Group, LCBidding.com, and InsureTech. Sapio Analytics is an artificially intelligent shadow government support system, that provides policy-making support to governments, particularly in the urban and rural administration, economic growth, law enforcement and intelligence, and healthcare departments.