Rachit Poddar, Co-founder of Marwari Catalysts Ventures and Executive Director at Rachit Group, and Rajesh Gupta, Director at Jaybharat Group, have made an undisclosed amount of strategic investment in Sapio Analytics, a government advisory firm with its offices in Mumbai, Palo Alto, and London.
In a statement, the company said the funding shall be used for new research and development within Sapio with increased offerings for developing countries. The investment has been made at the company’s last fair market value of $20 million.
