PE Fund Investments
Video computing platform Videonetics raises Rs.115-Cr from Florintree
Florintree Advisors has invested about INR 115 crore to buy a significant stake in Kolkata-based video computing platform company Videonetics. The deal provides an exit to prior investors, including GenNext Ventures. Founded in 2008 by Tinku Acharya, Videonetics has expanded offshore with operations in Singapore to cater to the Southeast Asian markets. Videonetics offers a unified video management platform is a one-stop integrated video management solution that is also modular, encompassing applications such as Intelligent Video Management Software (IVMS), Video Analytics, Traffic Management (ITMS) and Face Recognition Software (FRS).
From the Venture Intelligence PE-VC Deal Database: Between Jun 2013 and Sep 2015, Videonetics had raised USD 3 M from Cisco and GenNext Ventures (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
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