Times of India published a news article highlighting the strategic acquisition of Webakruti, an IT-Software firm that specializes in the Designing & Development of Web-based Software Products, Business Centric Customized Applications, Mobile Application Development, E-Commerce, UI/UX, and Digital Marketing. The article stated.
“Figment Global Solutions, a fintech company in Nagpur known to have revolutionized systems for filling TDS returns by banks, has taken over WEB Akruti, an IT company based in the city.
Figment has taken an over 70% stake in Web Akruti for a disclosed amount. The promoters of both companies said the amount is not being disclosed for strategic business reasons.
The takeover is expected to leverage Figment’s position through the application performance interface (API) designed by Webakruti, which is the forte of the latter. Figment Global was established in 2012 and Webakruti has been operational since 2015. Apart from already existing products, the Webakruti team under the leadership of Ram Ghonmode, Vishal Kothekar & Harish Chopkar with 7+ years of IT experience in various domains FinTech, EdTech, E-Commerce, EnsurTech, Media, and Enterprise Technology will now bring totally new set of products with various. Robotic process automation(RPA) & various API’s required by existing & new clients of Figment.
Chordia said the buyout has already helped the entity clinch deals with names like Justdial, Clear Tax and United India Insurance. Even a deal with the Zomato is in the works, added Ram Ghonmode, a co-founder of Web Akruti. Ram also stated that the Acquisition Goal is that “We aim to deliver robust & dynamic solutions to domestic and overseas clients via this acquisition.” The Webakruti team will exclusively develop FinTech Solutions to enhance financial operations with robust and hassle-free automation. Our fintech experience of a decade and Webakruti’s IT expertise will bring further disruption to this rapidly growing market.
Chordia said the buyout has already helped the entity clinch deals with names like Justdial, Clear Tax and United India Insurance. Even a deal with the Zomato is in the works, added Ram Ghonmode, a co-founder of Webakruti. Ram also stated that the Acquisition Goal is that “We aim to deliver robust & dynamic solutions to domestic and overseas clients via this acquisition.” The Webakruti team will exclusively develop FinTech Solutions to enhance financial operations with robust and hassle-free automation. Our fintech experience of a decade and Webakruti’s IT expertise will bring further disruption to this rapidly growing market.