The Rs95 crore investment in Gurgaon-based Silveredge Technologies was spearheaded by JM Financial Private Equity. Participating investors included Ashish Kacholia, Mirabilis Investment Trust, and Seven Hills Capital.
According to a statement from the company, the investment’s proceeds would be utilized to accelerate the company’s goals for worldwide expansion and to boost its growth through inorganic prospects.
The fourth investment made by JM Financial India Growth Fund III has now been closed.
Using its unique AI technology, Silverpush offers advertising solutions to companies and media agencies.
Currently, Silverpush is present in more than 10 nations in South East Asia, the Middle East, Africa, the United States, and India.
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