Parampara Capital and IDFC Alternatives Invest US$1 Million in Data Resolve (Asia)

Source(s): VCCircle | Author(s): Varun Arora

India-focused private equity firm Parampara Capital and IDFC Alternatives, the alternative asset management arm of India-focused infrastructure financing company IDFC, have invested US$1 million in India-based cybersecurity company Data Resolve. Parampara and IDFC invested through their joint venture IDFC Parampara Early Stage Opportunities Fund. Data Resolve, which offers cybersecurity analytics and solutions for businesses, plans to use the funds to bolster its sales and technology teams, launch new products and expand across India and the Middle East.