*Quatrro BPO Solutions (P) Ltd *has raised $13 mn from *Walden International, Olympus Capital* *Holdings Asia* and other individual investors.
The company plans to use the funds to grow organically and inorganically. Quatrro is Walden’s first investment in a BPO company in India. Walden alone contributed $8 mn to this round of funding. Transaction Note Quatrro BPO Solutions, founded by *Raman Roy*, offers services like accounting, technology support, mortgage, fraud control, information management and testing services. Quatrro works in the mid-market segment, targeting business from global small and mid-sized companies. It claims a revenue per employee that is 1.78 to 2.2 times of what other companies have at a cost structure (in terms of salaries) that is similar to the industry. In February, Quatrro signed an MoU with Mauritius' Board of Investment to accelerate job opportunities in the country using the former's ‘work from home’ concept and hire 100 people by 2010-end. Walden International- a US- based VC firm- focuses on six key industry sectors: semiconductors, electronics & digital consumer, software & IT services, clean technology, communications and emerging technologies. The firm is known to invest in start-up phase in companies. It had earlier invested in *MindTree Consulting, CoOptions Technology and Anantara Solutions*. Olympus participated in Quatrro’s first round of funding worth $90 mn earlier. Last month, *Sequoia Capital *invested $6.53 mn in *eClerx Services* for a 3% stake. -- Regards Hardik Shah -- You received this message because you are subscribed to the Google Groups ""GLOBAL SPECULATORS"" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/globalspeculators?hl=en.
