Home / Business and Economy / ServiceNow Invests in Indian Banking Software Firm
ServiceNow Invests in Indian Banking Software Firm
23 Jul
Summary
- ServiceNow acquired approximately 5% of BusinessNext.
- The deal values BusinessNext at $700 million.
- BusinessNext raised $40 million in Series C funding.
ServiceNow has made a strategic investment in BusinessNext, acquiring approximately 5% of the Indian software company. This transaction values BusinessNext at $700 million, underscoring its growth potential in the autonomous banking tools sector.
Through its venture capital arm, ServiceNow Ventures, the U.S.-based software giant injected $40 million into BusinessNext during its Series C funding round. This capital infusion is expected to accelerate BusinessNext's expansion and enhance its offerings in the competitive fintech landscape.
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