India's Globals ITes receives first round of strategic funding
Globals ITeS, a Hyderabad based company that develops technology solutions for the education industry, has received funding from Mauritius-based Encore Operating Partners and 1886 Investments, an investment unit of the UK's Commonwealth Education Trust. It is the first time Globals ITes has been backed by strategic investors.
According to statement, Globals ITes will issue a 38% equity stake to be split between 1886 Investments and Encore Operating Partners. The company started out as an internet café in Bangalore, and has...
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