According to the filings, Pear Valley Investment, an affiliate of Warburg Pincus Asia, has invested around Rs 409.22 crore (roughly $54.4 crore) in the entity, While Bessemer India has invested Rs 111.6 crore (roughly $14.8 million).
The proceeds of the funding will be used for financing the acquisition of other companies, capital expenditure, and working capital requirements, Perfios said in its regulatory filings.
With this investment, Warburg continues to be one of the largest shareholders in Perfios with a 41.6% stake. The two cofounders, Debshish Chakraborty and VR Govindarajan, now hold 7.3% and 7.5%, respectively, while long-time investor Bessemer holds 32.1%.
Perfios last raised funds in November 2019 when it scooped up $50 million from Warburg Pincus and Bessemer Venture Partners.
The Bengaluru-based startup offers a software technology platform to financial institutions, helping them extract, aggregate and analyse financial data to improve credit assessment. It also helps financial institutions create reports and monitor fraud by analysing financial data including bank statements, taxes and business financials.
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Perfios couldn’t be immediately reached for comment. Inc42 first reported on Perfios’ investment on Friday afternoon.
In an extraordinary general meeting on February 10, the company also sought the board’s approval to raise Rs 300 crore (roughly $40 million) through issuance of non-convertible debentures.
