IDG had invested in series A and B rounds raised by Manthan, which will use the funding to expand its business analytics products to international markets.
IDG Ventures India, a corporate venturing affiliate of technology media and data company IDG, has exited India-based business analytics provider Manthan Software Services as part of a $60m round, LiveMint reported yesterday.
Temasek, Singapore’s sovereign wealth fund, led the series D round, which also featured Norwest Venture Partners (NVP), the venture capital firm backed by bank Wells Fargo.
Manthan provides data and intelligence services for retail and consumer packaged goods (CPG) businesses.
The series D cash will be used to…
