ChrysCapital leads Series B for LiquidHub

Set up in 2001, LiquidHub helps businesses find IT-related solutions to improve customer engagement. The company - which already has offices in the US, Asia and Europe - intends to use the investment to become a leader in the digital customer engagement services market through rapid inorganic expansion.

LiquidHub currently serves companies in the healthcare, financial services and public sector. It claims to have more than doubled its revenue in the last three years, making it one of the fastest-growing firms in the digital transformation space.

"ChrysCapital is excited to partner with LiquidHub in its next phase of growth," said Sanjay Kukreja, managing director at the PE firm, in a statement. "As we began looking to expand our investment portfolio in the US technology sector, we saw that LiquidHub's management team has built one of the largest practices in the digital transformation space using cloud, analytics and mobile technologies."

ChrysCapital targets private and PIPE deals, typically committing $20-60 million per transaction and taking an equity stake of 10-20%. Other IT sector investments by the firm include the India's fifth-largest IT services company HCL Technologies and mid-sized IT services vendor Hexaware.

In November, ChrysCapital managaing director Gulpreet Kohli told AVCJ that the firm veiwed IT services and pharmaceuticals as the most attractive sectors at present, followed by financial services and consumer. 

Earlier this week it was reported that ChrysCapital  acquired a stake in Ahmedabad-based drug company Torrent Pharmaceuticals for around INR1.2 billion ($19 million). 

 

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• Topics
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• ChrysCapital Management