Zodius Technology Funds Invests in Allygrow Technologies

The Zodius Technology Fund has led a $20 million round for investing in Allygrow Technologies, an engineering services company.

Allygrow will serve industries such as aerospace, automotive, hi-tech, heavy industries and medical devices. With this investment, the company shall set up is operating infrastructure,

“The Engineering Services space is at an inflection point. It is poised for exponential growth with traditional sectors like automobiles and aerospace moving towards digital platforms, and sectors such as medical devices and next-generation electronics leveraging benefits of the Internet-of-Things revolution. I am delighted to start this venture with the backing of a savvy investor like Zodius and a seasoned entrepreneur such as Atul Nishar. We plan to setup the right blend of high-end competencies clubbed with a global operational delivery model. As a philosophy, we strongly believe in the concept of inclusive growth and hence our strategic approach for this venture will pivot on the central theme – ‘Partnering for growth.’ This also reflects in the name of our company, Allygrow Technologies. I look forward to the exciting times ahead,” says Prashant Kamat, founder and CEO, Allygrow Technologies.

For more information, visit Zodius Technology Fund.

Sources: Press materials received from the company and additional information gleaned from the company’s website.