Manthan System raises $62 million from Temasek and Norwest Data analytics firm Manthan System has raised $62 million in round of funding led by Temasek and participation from existing investor Norwest Venture Partners, reports the Times of India. This is Manthan’s fourth round of funding, it had previously raised additional funding from Norwest and Fidelity Growth Partners in August 2014 and had raised $15 million in a Series C round of funding from Norwest Venture Partners back in February 2012. It’s first round of funding had come from IDG Ventures and DFJ ePlanet in 2007. DFJ exited during the second round, and IDG exited over the last two rounds. Founded in 2004, Manthan software provides retail solutions for supplier collaboration, store operations, finance analytics, human resource analytics etc., CPG solutions like direct2shopper marketing, shopper analytics etc., and analytics in human…
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