Celebal Technologies Raises $15 Million to Fuel Global Expansion and AI Innovation
The transaction was advised exclusively by Avendus Capital, which has previously worked with Celebal on strategic funding efforts.
You're reading Entrepreneur India, an international franchise of Entrepreneur Media.
Enterprise AI solutions provider Celebal Technologies has raised $15 million in Series B funding from InCred Growth Partners Fund I and Norwest Capital, the company announced in a press release. The new capital will support the Jaipur-based firm's expansion into key international markets including North America and Europe, while also advancing its AI-driven offerings across sectors such as energy, manufacturing, retail, life sciences, and financial services.
Co-founder Anupam Gupta called the investment a significant milestone for the company's growth ambitions. "We welcome InCred's PE Fund to join the journey. This investment reflects the strong fundamentals of Celebal and our commitment to delivering impactful outcomes for our clients," he said. Gupta noted the increasing strategic value of data for global enterprises and emphasized Celebal's mission to help organizations "harness its full potential at scale."
Founded in 2016 by Anirudh Kala and Anupam Gupta, Celebal Technologies has carved a niche in delivering cloud and AI solutions that help large enterprises modernize legacy systems. The company specializes in data science, data engineering, process automation, and low-code platforms, and is known for deploying business-critical use cases such as Customer 360, supply chain optimization, logistics analytics, and financial intelligence.
Since its previous funding round in September 2022, Celebal has more than doubled its revenue, expanded its workforce, and grown its presence in international markets, according to the company. The latest fundraise marks a continuation of that momentum, as it looks to scale its delivery capabilities and deepen its innovation in AI.
Vivek Singla, Managing Partner and CIO – Private Equity at InCred's PE Fund, underscored the strategic importance of Celebal's offerings. "Celebal operates at the nexus of Data, Analytics and AI—three of the most transformative forces in technology today. Their deep domain knowledge and engineering talent make them a compelling partner. We look forward to supporting their continued success," he said.
The transaction was advised exclusively by Avendus Capital, which has previously worked with Celebal on strategic funding efforts.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Bloomberg
30 minutes ago
- Bloomberg
Qualitas Health Weighs $942 Million Malaysian IPO, The Edge Says
Asian healthcare provider Qualitas Health Group is weighing an initial public offering that will raise as much as 4 billion ringgit ($942 million), according to a report in The Edge, citing sources with knowledge of the matter. The company has reached out to investment bankers for the exercise, which will raise funds for expansion, the report said. The group has operations in Singapore, Malaysia and Australia, it added.
Yahoo
33 minutes ago
- Yahoo
Funding boost for community buildings across York and North Yorkshire
A funding boost has been announced to support community buildings across York and North Yorkshire. The 2025/26 Community Building Programme will see £1.35 million spent on such spaces as village halls and cricket grounds, according to a spokesperson for York and North Yorkshire Combined Authority. The scheme is being delivered in partnership with North Yorkshire Council and City of York Council and is funded through the Rural England Prosperity Fund (REPF) and the UK Shared Prosperity Fund (UKSPF). David Skaith, Mayor of York and North Yorkshire, said: "I want to make it easier for people to look after each other in their own communities, wherever they are in the region. "This is particularly key in our rural areas. "They are vast and beautiful, but often the people who live there feel more isolated than those who live in towns and cities. "I have visited community buildings from Hawes to Whitby, and so many places in between. "It might be a village hall, or a cricket ground, but it's the passion of the people who make these into more than places - into anchors for local life. "That is why community buildings are essential to be able to create healthy, thriving, and connected communities right across the region." Following on from previous UKSPF funding rounds that supported 43 village halls and community buildings, Mayor Skaith has committed £600,000 from his Mayoral Investment Fund to help more than 20 hubs. Councillor Heather Phillips, North Yorkshire Council's executive member for stronger communities, said: "We are looking forward to working with our partners on the delivery of this programme. "These buildings are incredibly important to local communities, particularly in rural areas where it may be the only meeting place for that village. "They bring the community together, often by providing services and activities for all age groups." Councillor Pete Kilbane, deputy leader of City of York Council, said: "Community venues like village halls are so much more than just buildings. "They are places where people get to know each other, make new friends, host family celebrations, play sports, and access key services that enable people of all ages to lead happier, healthier lives. "In short, they are the places where community is built." David Burton, chair of Great Ouseburn Village Hall Management Committee, said: "I know how difficult it can be to help run a village hall, but I would encourage anyone in my position to keep an eye out for grants from the Combined Authority and apply where possible. "This grant process has been extremely straightforward, and the changes made possible with this money have already made a huge impact on our community." Funding applications will be open till August 4, and applications can be made at
Yahoo
an hour ago
- Yahoo
Byron Allen Reaches Settlement With McDonald's In Lawsuit Claiming Racial Bias In Advertising
Byron Allen's Entertainment Studios and The Weather Group have reached a settlement with McDonald's in a lawsuit over the fast food giant's alleged lack of support for Black-owned media companies. McDonald's defeated the complaint in 2024 in the U.S. District Court for the Central District of California, but Allen appealed. The parties announced the settlement Friday, though no financial details were disclosed. More from Deadline Paramount Says Abrupt Dismissal Of Longtime Media Agencies WPP Media And Horizon Was Driven In Part By Push For "Greater Efficiency" - Update AMC Says New NCM Preshow Ads Don't "Negatively Influence Moviegoing Habits" Tastes Great, Less Filling? Report On Meta Plan For Cheaper, Fully AI-Made Ads Boosts Tech Giant's Stock As Media Agency Shares Slump Under the settlement, McDonald's will still buy ads from ESN, which controls a range of broadcast and streaming properties, 'in a manner that aligns with its advertising strategy and commercial objectives,' a press release said. and ESN will dismiss its lawsuit against McDonald's The fast food company is not admitting any wrongdoing and the press release affirmed that the ads sold will be priced at market value. 'We are pleased that Mr. Allen has come to appreciate McDonald's unwavering commitment to inclusion, and has agreed to refocus his energies on a mutually beneficial commercial arrangement that is consistent with other McDonald's supplier relationships,' McDonald's said in a statement. 'Our company's unique three-legged stool model relies on mutual respect, and we look forward to ESN's contributions to the betterment of our system.' The presumed injection of capital into Allen's companies comes as they face the same pressures hitting all media companies due to cord-cutting and declines in advertising. He recently enlisted Moelis & Co. to explore a sale of his local TV stations. 'We are pleased to find a resolution that maintains our business relationship,' ESN and The Weather Co. said. 'During the course of this litigation, many of our preconceptions have been clarified, and we acknowledge McDonald's commitment to investing in Black-owned media properties and increasing access to opportunity. Our differences are behind us, and we look forward to working together.' Best of Deadline 2025 TV Series Renewals: Photo Gallery 2025 TV Cancellations: Photo Gallery 2025-26 Awards Season Calendar: Dates For Tonys, Emmys, Oscars & More
