Kedaara Capital Picks Up Stake In Impetus For $350 Mn

Homegrown private equity firm Kedaara Capital has made an investment of $350 Mn in Impetus Technologies, a leading data, analytics and enterprise AI solutions provider. 

Kedaara Capital has acquired a strategic stake in Impetus Technologies to drive innovation in its data and AI business and expand the company’s footprint globally, the PE fund said in a statement.

Kedaara’s investment will help Impetus expand its offerings in its rapidly growing business verticals, including GenAI and advanced analytics, as well as within LeapLogic, the company’s in-house cloud and data migration accelerator.

The capital infusion from Kedaara will also enable Impetus to strengthen its operations by leveraging the PE fund’s senior team, which comprises former CEOs with expertise in building market-leading businesses. 

“Data, Analytics and AI are key drivers for innovation in the technology landscape and represent some of the fastest growing markets, advancing transformation across industries. Impetus has established itself as a transformative provider of Data and AI solutions to distinguished clients with a team of highly skilled engineering talent,” said Sunish Sharma, founder and managing partner at Kedaara Capital.

Founded in 1996 by Praveen Kankariya, Impetus Technologies offers data and AI solutions to large enterprises. The company claims that its flagship software product LeapLogic helps businesses load their legacy ETL, data warehouse, and analytics systems to any cloud with up to 95% automation.

The company caters to several marquee Fortune 500 companies across the US and Europe such as Microsoft, Databricks, Google Cloud, AWS, Snowflake, among others.

Meanwhile, Kedaara Capital was founded in 2012 by ex-Temasek and General Atlantic executives Manish Kejriwal, Sunish Sharma, and Nishant Sharma. It is one of India’s oldest PE firms and counts Lenskart, Perfios, Purplle, Avanse Financial, and K12 Techno Services among its portfolio companies.

In April this year, Kedaara Capital announced the close of India’s largest private equity fund, Kedaara IV, at $1.7 Bn (about INR 14,417 Cr).

It was Kedaara Capital’s fourth fund and was closed within four months of its launch. The India-focussed PE firm said it plans to invest in startups across sectors such as banking, healthcare, consumer, and SaaS.