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Ontario Teachers mints new unicorn in Indian fintech Perfios
Teachers’ Venture Growth, the late-stage venture and growth investment arm of Ontario Teachers’ Pension Plan, is investing $80 million in Perfios, an Teachers’ Venture Growth, an arm of Canada's Ontario Teachers’ Pension Plan, is investing $80 million in Perfios.
15-year-old Perfios, which raised a $229 million funding round in September, said it will use the fresh capital for international expansion and to explore inorganic growth opportunities (read acquisitions.) The startup, which has raised $464 million in primary and secondary transactions to date, plans to go public by next year, it said earlier. “We are excited about the growing opportunities within the B2B enterprise tech space in India, and we believe Perfios is a best-in-class fintech-focused SaaS player,” said Kelvin Yu, Senior Managing Director and Head of Teachers’ Venture Growth in Asia, in a statement.
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