AppLabs Technologies Pvt Ltd has received $7m in a first round of funding. The investment came from WestBridge Capital Partners, a VC firm that has promised to help the company grow via acquisitions.
In addition to the investment, there have been two appointments to AppLabs board of directors. Sumir Chadha, senior managing director at WestBridge, will assume the role of chairman, and Guhan Swaminathan, a principal at WestBridge, also joins the company’s management.
AppLabs was founded in 1998 and offers software testing and custom application development services. It is headquartered in Philadelphia, USA, and also has an offshore development and testing facility in Hyderabad, India.
WestBridge is based in Mauritius, with offices in Silicon Valley and Bangalore, India. It manages a $140m fund and specializes in investing in companies with operations in the US and India.
WestBridge has stated that it will assist AppLabs in accelerating its growth through the acquisition route.