florintree: Florintree invests Rs 115 crore in Kolkata’s Videonetics

Florintree, a growth-stage private equity firm, has bought a significant stake in Videonetics, the Kolkata-based video computing platform company, said a company statement.

The financial investors, GenNext Ventures Fund, and US-based global investor exited through this transaction.

According to sources, Florintree has invested about Rs115 crore in Videonetics.

Founded in 2008 by Tinku Acharya, Videonetics has recently expanded offshore with operations in Singapore to cater to the Southeast Asian markets.
” Videonetics is poised to become a dominant player in the global arena and add significant value to the marketplace. Moreover, our innovations in AI-enabled video computing technologies will continue, and I am confident that they will scale to newer heights,” said Tinku Acharya, Chairman & Managing Director, Videonetics.”Videonetics is amongst the few Indian companies with a core DNA of R&D and innovation, having created significant IP in its domain,” said Mathew Cyriac, Executive Chairman of Florintree Advisors.Videonetics’ unified video management platform is a one-stop integrated video management solution that is also modular, encompassing cutting-edge applications such as Intelligent Video Management Software (IVMS), Video Analytics, Traffic Management (ITMS) and Face Recognition Software (FRS), added the statement.Florintree Advisors, led by Mathew Cyriac- former India head of Blackstone, has concluded investments across multiple sectors in the private as well as public markets and has listed three of its portfolio companies via IPO (MTAR Technologies, Data Patterns and Ideaforge Technology).