BlackSoil, a prominent alternative credit provider based in Mumbai, announced an undisclosed investment in Mozark, a leading DeepTech company.
This strategic investment aligns with BlackSoil’s focus on supporting new-age businesses operating in the DeepTech sector.
Mozark is a synthetic observability platform, which helps businesses detect issues within their digital supply chain and enhance user experience quality. The company has achieved remarkable 2x growth in recurring revenue over the past year and has secured partnerships with renowned clients such as Disney+, Sony, Globe, Marina Bay Sands, Orange, and Carrefour.
Speaking about the investment, Ankur Bansal, Co-Founder and Director of BlackSoil, said, “As the world increasingly embraces the digital realm, the demand for a superior and highly connected digital experience is set to grow. Mozark’s groundbreaking synthetic observability platform empowers businesses to identify and improve specific elements within their digital supply chain. This enhances overall user experience quality. With its exceptional growth in recurring revenue and prestigious partnerships, Mozark is well-positioned to lead the market. We are thrilled to partner with Mozark and believe that our debt capital will facilitate their exponential growth, cementing their position as an industry leader.”
“In a hyper-connected world where connectivity drives innovative business models, enterprises cannot afford to provide subpar digital experiences for their end customers. Inferior quality experiences incur significant costs for both enterprises and digital energy sobriety. The advent of 5G and other technologies only intensifies this trend,” said Fabien, Founder & co-CEO of Mozark. “Mozark’s tools are positioned to assist various stakeholders, including telecom operators, regulators, and digital app owners, in measuring and diagnosing the quality of their services under diverse connectivity conditions. We are delighted to partner with BlackSoil, whose debt capital will support our expansion into new markets, increased investment in research and development, and the growth of our product offerings.”
With offices in India, the Philippines, Malaysia, and Paris, and a customer base spanning Europe, Southeast Asia, India, and the USA, Mozark has quickly emerged as a force to be reckoned with in the industry. The company was founded by Kartik Raja, Fabien Renaudineau, and Chandra Ramamoorthy and is backed by Kalaari Capital, a prominent venture capital firm.