Private equity firm Kedaara has acquired a majority stake in Great Software Laboratory Pvt. Ltd. (GS Lab), a digital product engineering services company based in Pune, at an undisclosed amount. GS Lab, which has grown at a rate of over 20% over the last five years, aims to use the investment from Kedaara to accelerate business growth by leveraging global relationships of the PE firm and its partners. “Over the past 18 years, we have scaled GS Lab into a 1,600+ person innovation-led organisation,” said Shridhar Shukla and Sunil Gaitonde, cofounders of GS Lab. GS Lab works through the entire software development cycle, from ideation through design, development, execution, deployment, and support.

Source: Mint November 09, 2021 08:47 UTC