Bank support Pune tech company’s growth journey
India’s largest private sector bank HDFC, along with its subsidiary HDFC Securities Limited, has acquired a 7.4% stake in Virtuoso Infotech Pvt Ltd, an enterprise software solutions company, founded by Preeti Nahar and Yogesh Satpute, based out of Pune.
This is first investment fundraise for Virtuoso Infotech which specializes in product engineering and offers customized software solutions for enterprises across a wide range of sectors. The list includes software solutions for Hospitality, Finance, Media, Religious Institutions, Communities, Cloud Computing, Food & Travel industries, using Data Analytics and Machine Learning.
“We thank HDFC Bank for their confidence and trust in Virtuoso’s tech capabilities,” Nahar said in a release on 28 June 2021 from Pune. “We are excited to start our growth journey with HDFC Bank and HDFC securities, serving the diversified needs of banking and securities business.”
“This relationship will strengthen the company’s vision to become a reliable software technology partner for Indian Enterprises and bank’s objective to digitize under-served and under-penetrated segments using digital solutions.
“We are looking forward to contribute and make a dent in digital universe with our joint capabilities. Bank has always been supporting companies that help them take digitization to the next level,” added Satpute. #investment #banking #technology /fiinews.com
