Basiz Fund gets funding
Chennnai, August 25, 2008: Basiz Fund Services, a Chennai-based knowledge process outsourcing company, has received a $2 million funding from NEA-IndoUS Ventures. It services the investment industry globally through its offerings; primarily NAV support services, financial reporting and tax services. Dr Kumar Shiralagi, Managing Director, NEA-IndoUS Ventures, will join the company's board. Mr A.V. Seshadrinathan, Managing Director, Basiz, in a press release said the funding would be used for capacity augmentation, infrastructure expansion and opening new international offices to support the existing and new clients.