Sequoia, IDG Ventures Invest US$9.2 Million in iCreate (Asia)

Source: AVCJ  |  Author: Andrew Woodman

Global venture capital firms IDG Ventures and Sequoia Capital are investing INR500 million (approximately US$9.2 million) in iCreate Software, an Indian data analytics software developer. iCreate focuses on the banking sector and plans to use the funds to expand its product portfolio and move into overseas markets. IDG Ventures had previously invested INR150 million (approximately US$2.8 million) in iCreate in 2010.