Perfios is acquiring Karza Technologies for over $80 Millon in an all-cash deal. The startup had decided to acquire 100 per cent of the issued, subscribed and paid-up for $73.5 million and an extra $5.6 million towards subscription of equity securities of Karza Technologies.

• Infosys Declares Rs 26 Dividend as Q2 Profit Rises 6.2%
• Goa Earmarks Rs 250 Cr to Build an AI Economy Beyond Tourism
• GK Energy Wins Rs 330 Cr Solar Pump Order but Shares Fall
• CG Power Q2 Profit Jumps 44% as Shares End Slightly Lower
• NHAI Says UER-II Eases Road Trips to IGI Airport From Punjab

The company declared that after the acquisition, Karza’s three founders will still run the startup under Perfios’ guidance. And all employees of Karza will stay with the company even after the acquisition. All the investors will exit the company. The founders will also sell their stake in this transaction.