| GVFL Ltd has announced divestment of its holding from Anupam GlobalSoft Ltd (formerly Anupam Infosys Ltd), a company promoted by the Anupam Group of Companies, based in Vallabh Vidyanagar and part of its ‘Gujarat IT Fund’ in 2000. This is GVFL’s 52nd exit from its 60 investments. |
| Anupam GlobalSoft is engaged in B2B exchange portal including online product catalogue management and automation of business processes related to sales, distribution and procurement to the SMEs in engineering industry. |
| Announcing GVFL¿s exit from Anupam Globalsoft, Vishnu Varshney, CEO of GVFL, said, “The most crucial part of the VC process is the exit and to have accomplished it along with the company receiving major future expansion is the ideal end result. The exit of our fund from Anupam vindicates our faith in the SME segment that it offers tremendous growth opportunity to VCs.” |
| Nimit Patel, promoter of Anupam Globalsoft Ltd, stated, “With GVFL’s help and through learnings from market feedback, we were able to create the business strategy focussing on e-business software development and providing business solutions to engineering companies,” |
| After GVFL divested its stake from Icenet.Net Ltd, one of the leading ISPs based in Ahmedabad after six years of investment, Citigroup owned broadband service provider, You Telecom India Pvt Ltd has recently acquired Icenet. |
Source : Business Standard