BRIDGEi2i Analytics Solutions, a Bangalore based analytics solutions company, announced that it has secured Series A growth capital from Edelweiss Private Equity. The amount has not been disclosed. Edelweiss Private Equity is the private equity and venture capital arm of Edelweiss Financial Services, one of India’s leading diversified financial services conglomerate.
With this investment, Edelweiss has acquired a minority stake in the company. Pranav Parikh, Head of Edelweiss Private Equity will be joining the Board of Directors of BRIDGEi2i.
Prithvijit Roy, Chief Executive Officer, BRIDGEi2i commented on this development, “This investment will fuel our ability to deliver greater value to customers by enabling us to accelerate the development of our machine learning based business applications along with significant expansion of our consulting teams across India and the United States.”
“We are excited to partner with Edelweiss, who shares our vision and look forward to their strategic inputs to create a best-in-class global organization as we look to grow multi-fold in the next few years,” Roy added.
“Big Data and Analytics is becoming a critically important driver for business success across sectors globally. We are impressed by what the BRIDGEi2i team has achieved in a relatively short span of time, transforming large enterprises through their impact driven approach,” says Pranav Parikh.
“What is unique about BRIDGEi2i is their differentiated offering that blends analytics expertise with technology and a proven leadership team, which positions them well for a non-linear growth trajectory,” added Parikh.
BRIDGEi2i was founded in 2011 by former GE and HP executives, with the vision of enabling enterprises realize sustainable business impact through data driven insights, leveraging algorithms and technology. BRIDGEi2i has built a significant global customer base, including 10 of the Fortune 100 companies across Technology, Manufacturing, Financial Services, Insurance and Retail. BRIDGEi2i has also been featured by Deloitte as ‘Technology Fast 50’ in 2015 and by NASSCOM as ‘Emerge 50’ in 2014.