Tag: Motilal Oswal Private Equity Advisors

Cyber security service provider Lucideus Tech has received angel funding from Amit Choudhary, director of Motilal Oswal Private Equity Advisors. The start-up, which was incubated by IIT-Bombay, has previously received funding from Anand Chandrasekaran (former Snapdeal chief product officer) and Flipkart chief financial officer Sanjay Baweja. It helps enterprises assess risks to their IT infrastructure. "Typically, our angel investors have invested in the range of about USD 50,000-100,000 individually," Lucideus co-founder and CEO Saket Modi said without disclosing the size of the latest round of funding. Lucideus will use the funds for expanding its team and business operations. "The funding has also to do more with the mentorship that our angel investors provide. We have st...