Bajaj Monetary Securities buys stake in Lemnisk as early traders partly exit
Lemnisk stated the traders proceed to carry stakes within the firm.
“growX backed Lemnisk when the enterprise CDP area was nonetheless at a nascent stage. Their early perception, considerate steerage, and continued assist have been invaluable to our journey,” stated Subra Krishnan, co-founder and CEO of Lemnisk.
Secondary share gross sales permit current shareholders to switch possession to new traders with out new capital coming into the corporate. The deal comes amid rising demand for real-time buyer information platforms and AI-based personalisation instruments amongst Indian enterprises.
Based by Praveen DS, Rinku Ghosh, and Subra Krishnan, the corporate develops a composable buyer information platform utilized by monetary establishments, insurers, and different regulated entities to unify buyer information and ship personalised engagement. Its platform can be utilized on-premise or in personal and public cloud environments.
Lemnisk has beforehand raised funding from Bharti Airtel, growX Ventures and different traders, and has workplaces in Dubai, Singapore and Boston. Its shoppers embody corporations in banking, insurance coverage and monetary companies.“Lemnisk has constructed enterprise infrastructure at a time when safe buyer information platforms have gotten foundational to AI adoption. This transaction validates actual worth creation,” stated Sheetal Bahl, Founding Companion at growX Ventures. “We stay invested in Lemnisk and proceed to consider in its long-term potential.”
