Updater Services raises $15mn from Motilal Oswal Private Equity
Chennai-based integrated facilities management services firm Updater Services Pvt. Ltd (UDS) has raised Rs 100 crore (around $15 million) from MOPE Investment Advisors Pvt. Ltd in return for a minority stake, it said in a statement.
Raghunandana Tangirala sees his recent buy out of ICICI Ventures’ 42 per cent stake in his company as a reflection of the confidence he has in the business and a milestone in his journey as an entrepreneur.
City-based UDS (Updater Services Private Limited ), a facilities management services firm, has acquired a 75% stake in Matrix Business Services, another city-based firm which is operating in the business assurance and background verification services space.
UDS buys majority stake in Matrix Business Services to expand offerings
Facility management services firm UDS, run by Chennai-based Updater Services Pvt Ltd, has acquired majority stake in business assurance and background verification services firm Matrix Business Services for an undisclosed amount.
UDS buys 75% stake in Matrix Business to expand portfolio
Facilities management provider Updater Services Pvt. Ltd (UDS) has bought a 75% stake in Matrix Business Services, which operates in the business assurance and background verification segment, UDS said on Wednesday.