Celebal Technologies Secures Debt Financing to Fuel Growth

Celebal Technology
Preeti Bali / 9:23 am / June 28, 2024

Celebal Technologies, a Jaipur-based IT services company specializing in data science, AI, and enterprise cloud solutions, has secured an undisclosed amount of debt financing from BlackSoil, an alternative credit platform. This move comes after the company’s successful $32 million institutional fundraising from Norwest Venture Partners in 2022.

Funding for Strategic Growth Initiatives

The newly acquired funds will be directed towards bolstering Celebal Technologies’ working capital and supporting general corporate activities. Additionally, the financing will empower the company to enhance its services for its existing client base of over 200, while simultaneously accelerating its global market penetration efforts.

A Legacy of Innovation and Client Service

Co-founded in 2016 by Anupam Gupta and Anirudh Kala, Celebal Technologies has carved a niche for itself in the IT services space. The company leverages its expertise in data science, AI, and enterprise cloud solutions to deliver tailor-made solutions to its clients. Celebal Technologies’ offerings encompass data engineering, cutting-edge cloud solutions, supply chain analytics, and AI-powered chatbots, ultimately helping clients streamline business processes and achieve greater efficiency.

Impressive Growth Trajectory and Strategic Partnerships

Celebal Technologies boasts an impressive annual growth rate (CAGR) of approximately 105% between FY21 and FY24, signifying a period of remarkable expansion. This growth is further reflected in the company’s employee base, which has witnessed a significant increase from 300 to 2,300 during the same timeframe. Celebal Technologies has also established strategic partnerships with industry leaders like Microsoft and Databricks, solidifying its position as a key player in the evolving technological landscape.

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