InvestorQ : Can you throw some light on the KKR funding of start-up O9 solutions?
Khushi Patel made post

Can you throw some light on the KKR funding of start-up O9 solutions?

Answer
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Anjana Aiyar answered.
3 months ago


The start-up scene is seeing some more action with O9 Solutions managing to raise close to $100 million from global investment firm KKR. In fact, KKR has picked up a very small minority stake in O9 Solutions and that deal values O9 Solutions at over $1 billion. The company will hire India-based talent in emerging technologies like artificial intelligence, machine learning and other digital transformation technologies to expand its Asia base. O9 has created a platform for planning and running large enterprise clients across industry verticals like consumer goods, apparel, industrial manufacturing and hydrocarbons. The start-up was set up two NRIs based in the US. KKR has been betting Asia’s secular growth themes and digital opportunities and has recently picked up a stake in Jio Platforms too. KKR will be the first external investor in O9. Currently, O9 has over 350 out of its 500 employees based in India. It counts big business groups like the Aditya Birla group and Tata Group amongst its clients.