Xcelerate Raises $25 Million in Funding | Business News from India

CHENNAI: Singapore-headquartered Xcelerate Pte Ltd, the parent company of social and industrial compliance services provider Aparajitha, on Tuesday announced raising $25 million in funding.

The Governance, Risk and Compliance (GRC) and Environmental, Social and Governance (ESG) platform provides technology-enabled and scalable compliance solutions in highly regulated and complex industries and markets.


A statement said the latest round was led by global private equity investor Federated Hermes Private Equity. Existing institutional investors Altair Capital and Exacta Capital Partners also participated in the round, while Xcelerate co-founders and other existing shareholders also invested. The current round of financing will be used for strategic acquisition opportunities and ongoing investments in business operations, team and technology.

Madhujeet Chimni, co-founder of Xcelerate, said: “We will aggressively expand into new segments in the GRC and ESG space. We are confident of executing the business plan of building a regional platform with technology-based solutions supported by strong entrepreneurs with extensive expertise,” he said.

Xcelerate's first platform acquisition was Aparajitha Corporate Services Private Limited in India, which now provides compliance services to approximately 2,000 large corporate customers.

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