Japan’s TechnoPro acquires Udupi-based Robosoft for Rs 800 crore

Bengaluru: Japan’s largest tech-focused staffing and repair agency TechnoPro is shopping for Udupi-based Robosoft Technologies for Rs 800 crore, giving the traders of the Udupi-based iPhone app developer akin to Unit Belief of India’s VC arm Ascent Capital and Kalaari exit from the corporate.

Robosot, among the many earliest firms to arrange a centre within the coastal city, had reported income of Rs 49.4 crore and income of Rs 184 crore in fiscal 12 months 2021. It employs over 800 staff servicing clients in Europe, Japan, United States and India.

TechnoPro will purchase 80% of the shares within the first tranche and the remaining 20% in a 12 months with the Udupi firm turning into an entirely owned subsidiary. TechnoPro expects to leverage the experience of Robosoft for its buyer base in Japan in Media, BFSI and Retail/EC industries.

“Creating and offering TechnoPro’s clients akin to producers and so on., with digital options combining Robosoft’s distinctive choices of advisory and UI/UX design and TechnoPro’s current applied sciences,” it stated in a press release.

Ascent Capital at the moment owns a majority 37.3% in Robosoft, Kalaari has round 27% with the remaining 35.7% held by 15 people together with its founder Rohit Bhat.