Bangalore-based Manthan Systems, which provides business intelligence and analytics solutions for the retail and consumer packaged goods industries, has raised $15 million in a Series C funding from Norwest Venture Partners. This follows the company's earlier funding rounds raising $35 million, including $15 million from FIL Capital Advisors, IDG Ventures India and DFJ ePlanet Ventures in November 2009 and an initial round of investment from IDG ventures in May 2007. The total funding now stands at $50 million. The company intends to use the money raised to launch new products, increase its sales and distribution reach and make acquisitions over the next year. Manthan is also working on porting its products to the mobile platform, including its business intelligence solution ARC, which was recently launched on the iPad. Launched in 2004, Manthan currently offers software products for analytics, business intelligence, data mining and supplier collaboration…
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