ICICI Ventures has picked up an undisclosed stake in the Mumbai-based IT-enabled services provider Infowavz International for Rs 25 crore.
This is the second round of funding by the venture capital arm of ICICI Bank in Infowavz. The company received $2 million (Rs 10 crore approximately) in the first round a couple of years back.
Zia Shaikh, chief executive officer of Infowavz, said:
