BENGALURU: NSPIRA, a management services provider has raised Rs 400 crore from global investors led by Olympus Capital Asia Credit and CX Partners Mezzanine Fund. The company has not disclosed the name of the other investors.
Launched in 2013, the company already has operations across eight states and is looking to expand more. It will be utilizing the funds raised in this round to expand its reach to new geographies and sectors. “We are really excited about the partnership with marquee set of global investors. This will help us expand our reach to different geographies and institutions under our fold,” said Puneet Kothapa, Director, NSPIRA.
NSPIRA is looking to add more revenue streams to enhance growth and achieve true earning potential, said the company release.
The company provides end-to-end solutions, including staffing, training, content services, organizational development interventions, IT infrastructure, sales & marketing, catering, transport facilities, Infrastructure solutions as well as the entire administrative function.
“NSPIRA runs a unique business model in the management services space which going forward will change the landscape in India. The quality of investors who have shown commitment is a reflection of the company’s high-quality management team,” said Samir Bahl, CEO, Anand Rathi Advisors.
Anand Rathi Advisors acted as the sole bankers to the transaction and the firm was advised by Nishith Desai Associates while Khaitan & Co, Delhi represented the investors.