WestBridge leads $12.5 mn investment in InduslogicOur Bureau / Bangalore April 05, 2006WestBridge Capital Partners announced it has led a $12.5 million Series B round in Induslogic, a global provider of outsourced product development services. Induslogic will use the cash infusion to expand ongoing marketing and sales initiatives, as well as support its merger and acquisition activities and to bolster its presence as a global provider of product development services to software product companies. According to a statement from WestBridge, it led this fresh round of new investment by New Enterprise Associates (NEA) and participation from the mid-Atlantic arm of Draper Fisher Jurvetson, Draper Atlantic, Induslogic
