Saturday, 9 December, 2023
ChrysCapital Secures 75% Stake in Prohance, Marking Entry into SaaS Arena
![ChrysCapital Secures 75% Stake in Prohance, Marking Entry into SaaS Arena](https://d3vnc3w6v6jm99.cloudfront.net/qed-drives--7m-funding-round-for-south-asia-s-b2b-saas-revenue-based-financing-startup.webp)
Private equity firm ChrysCapital has acquired a majority 75% stake in Prohance, signaling its foray into the Software-as-a-Service (SaaS) sector. The strategic investment is set to fuel Prohance's growth in the rapidly expanding SaaS market, highlighting ChrysCapital's interest in leveraging technology-driven opportunities. The move reflects the growing importance of SaaS solutions and the investment community's recognition of their potential for substantial returns.
Read full story at Economic Times