India’s app developer Robosoft acquired by Japan’s TechnoPro for INR 805 Cr
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Japan’s TechnoPro Holdings, a technical staffing services firm will acquire Udupi-based app developer Robosoft Technologies for INR 805 Cr. TechnoPro will be acquiring Robosoft Technologies in a two phased manner – 80% in the first tranche and 20% in the second tranche one year later. Robosoft Technology is backed by Ascent Capital and Kalaari Capital and they own 37.3% and 27.0% stake in the company respectively.