Mynd Solutions has received a Private Equity Investment from SIDBI Venture Capital Limited.
SIDBI Venture Capital Limited is a wholly owned subsidiary of SIDBI (Small Industries Development Bank of India) and has invested in Mynd Solutions through its fund called the SIDBI India Opportunities Fund. The fund is focused on addressing growth capital needs of India’s developing and unlisted MSMEs operating in the emerging sectors. The contributors of this fund include leading Indian Public Sector Banks and Insurance Companies.
SIDBI today is ranked amongst the top 30 development banks in the world and we are glad they have shown confidence and partnered with us to bolster the further growth journey of Mynd Solutions.
The investment amount will be mainly utilized towards accomplishing strategic growth initiatives of Mynd including strengthening company operations, setting up additional service lines, upgrading account management verticals, achieving more automation, bringing in new age technologies & innovation in existing processes. This funding shall also be deployed for business expansion activities in domestic & select international markets.