Retail analytics company Manthan, backed by Fidelity and IDG, has raised $15m in its series C round and is now looking towards making acquisitions of its own.
Manthan Systems, an India-based company providing business intelligence and analytics for retail and packaged goods companies, secured $15m in series C financing from investment firm Norwest Venture Partners on Wednesday. Prior investors include financial services firm Fidelity International and technology media and investment firm the International Data Group (IDG).
Fidelity led Manthan’s series B round, which also raised $15m, in November 2009, with participation from IDG Ventures India and venture capital partnership DFJ ePlanet Ventures. IDG and DFJ ePlanet previously…
