India: Research firm MarketsandMarkets raises $56m led by FTV Capital

Pune-based global industry research and consulting company MarketsandMarkets has raised $56 million in a funding led by FTV Capital.

The round, which also saw participation of Zodius Capital, is the first institutional capital raised by MarketsandMarkets, the company said in a release.

The firm provides syndicated and custom research focused on high-growth and niche markets. It plans to use the proceeds for growth and global expansion, focused on the U.S. and European markets.

FTV Capital managing partner Brad Bernstein will join the company’s board, following the transaction which  was advised by Avendus Capital Pvt Ltd.

Launched in 2010, MarketsandMarkets, founded by Sandeep Sugla and Aman Gupta, claims to be servicing 5,000 customers worldwide including 80 per cent of global Fortune 1000 companies.

US-based FTV Capital is a growth equity investment firm that has raised over $2.7 billion to invest in enterprise technology & services, financial services and payments & transaction processing space.

Founded in 1998, FTV Capital has 97 portfolio companies including MuSigma (acquired in 2012), MarketShare (acquired by Neustar in 2015) and EXL (listed in 2006).

According to Brad Bernstein, FTV Capital managing partner, “Unlike competitors who tend to focus on more mature industries, MarketsandMarkets has built a sustainable model for delivering timely, high quality research in emerging industries in a cost-effective manner.”

Also Read:

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India: Zodius Capital raising up to $40m follow-on fund, to invest in niche e-commerce

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.