PE Fund Investments

Ola co-founder Ankit Bhati's SaaS startup Amnic set to raise $20-M from Sequoia Capital

MoneyControl  

Cab aggregator Ola's co-founder Ankit Bhati will be launching a new venture named Amnic in the software as a service (SaaS) space along with former colleagues Satya Nagarajan and Nimish Joshi. Sequoia Capital India is likely to invest USD 15-20 million in the startup as part of a seed round. Amnic will operate in the DevOps (software development and IT operations) toolchain space, where it will help businesses maintain a software development pipeline and make the process easier.

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