Induslogic to use new funding to boost marketing, M

Mumbai, Apr 10 (UNI) US-based Induslogic Inc, a premier global provider of outsourced product development services, today received a further funding of USD 12.5 million in series B funding which it will use to expand ongoing marketing and sales initiatives as well as support its M&A initiatives within India, stated a release issued here today.

Leading venture capital fund WestBridge Capital Partners, led the up round with a new investment by New Enterprise Associates (NEA) and participation by Draper Atlantic, which, incidentally was Induslogic's sole investor in the company's Series A round.

Induslogic is a partner to many of the world's emerging technology leaders, helping them to bring new products to the market in less time and at less cost, shortening product cycles, ensuring that the right features get implemented, while simultaneously assembling a comprehensive best-of-breed platform that provides extreme visibility into the remote team's activities and automates many of their more routine activities.

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