Edelweiss invests in India's Bridgei2i
Edelweiss Private Equity has invested an undisclosed amount of Series A growth capital in India’s Bridgei2i Analytics Solutions, an enterprise services company focused on big data.
Edelweiss will take a minority stake in the company and nominate its PE head Pranav Parikh to the Bridgei2i board. According to a statement, the capital will be used to drive customer experience enhancements, machine learning business applications and expansion initiative across both India and the US.
"Big data and analytics is becoming a critically important driver for business success across sectors globally," Parikh said. "We are impressed by what Bridgei2i has achieved in a relatively short span of time, in transforming large enterprises through their impact driven approach. What is unique about Bridgei2i is their differentiated offering that blends analytics expertise with technology and a proven leadership team, which positions it well for a non-linear growth trajectory."
Founded in 2011 by former General Electric and Hewlett-Packard executives, Bridgei2i offers data analysis services in marketing, sales, risk management, supply chain planning and customer behavior and employee engagement. The company's global customer base includes ten of the Fortune 100 companies across technology, manufacturing, financial services, insurance and retail sectors.
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