The promoters of Eureka Outsourcing Solutions (EOSL), part of the Tulip Group, plan to raise private equity funding by offloading 5-10 per cent of their holdings sometime this year.
EOSL’s Chief Executive Officer, Alok Srivastava, said pending the valuation of the company, the amount to be raised through equity dilution could not be disclosed.
“The proceeds from the equity sale this year will be used to fund expansion plans in Chennai and Kolkata, which are key focus markets for us. We cannot disclose the amount being raised as valuation is currently in progress,” Srivastava said.
Eureka Outsourcing, earlier known as Godrej Upstream, provides front and back-office operations, and KPO (knowledge process outsourcing) services for companies across sectors like insurance, retail, real estate, telecom, fast moving consumer goods (FMCG), travel and BFSI (banking, financial services and insurance).
The Thane-based company, which operates across voice and non-voice processes, is present in Mumbai, Noida, Kolkata and Chennai.
