BlackSoil, a Mumbai-based alternative credit provider, has made an undisclosed investment in Mozark, a Singapore-based deep tech company. This investment is in line with BlackSoil's strategy of focusing on new-age businesses in the deep tech sector.
Singapore headquartered and a member of the International Telecommunication Union, Mozark is a developer of a digital experience management platform that helps enterprise customers to measure real-user experience by monitoring real devices connected to real networks.
The platform uses a GAI engine that helps enterprises obtain insights to make improvements and to deliver rich experiences and care to end customers. Mozark works with Digital Infrastructure providers, Digital Apps, and Digital Enterprises to enhance digital experience, thus ensuring alignment across ecosystems.
The company has offices in India, Philippines, Malaysia, and Paris and a customer base in Europe, SEA, India, and the USA. It was founded by Kartik Raja, Fabien Renaudineau and Chandra Ramamoorthy; and is backed by Kalaari Capital. According to a statement, it has registered a 2x growth in recurring revenue over the past year and has onboarded renowned clients such as Disney+, Sony, Globe, Marina Bay Sands, Orange, and Carrefour.
Commenting on the investment, Ankur Bansal, co-founder and director of BlackSoil said, “As the world continues to shift towards a digital world, the demand for a superior, hyper-connected digital experience is going to grow. Mozark's groundbreaking synthetic observability platform enables businesses to identify and improve specific elements within their digital supply chain, ultimately enhancing the overall quality of user experience. With its impressive growth in recurring revenue and partnerships with industry-leading clients, Mozark is well-positioned to lead the market. We are excited to partner with Mozark and believe that our debt capital will facilitate their exponential growth and solidify their position as an industry leader."
“In a hyper-connected world where connectivity powers innovative business models, businesses cannot afford to provide an inferior quality of digital experience to end customers. Inferior quality has a huge cost both for enterprises and for Digital Energy sobriety. 5G and further technologies only exacerbate this trend. Mozark’s tools are positioned to help various stakeholders whether it is connectivity providers such as Telecom Operators, Regulators, or Digital App owners to measure and diagnose the quality of their services under various connectivity conditions. We are delighted to partner with BlackSoil. Their debt will help us in expanding our presence in newer markets, invest more in research and development, and grow product offerings' ' said Fabien, Founder and co-CEO of Mozark.