The Hyderabad-based Internet services provider has raised $3 million (Rs 20 crores) from strategic investors, who the company says will enrich its prospects in acquiring European industrial companies.
The Netherlands-based EXchange Investors NV and Dubai-based TransGlobal FZC, have been allocated share warrants on preferential basis, and will be working closely with Nettlinx Ltd., in its diversification. These two funds will provide strategic support that will enable Nettlinx to identify and acquire companies with experience in the industrial space. These funds will also help Nettlinx raise further capital and debt with lower interest rates from the European Banks.
Nettlinx started as an ISP (Internet services provider) in 1999 and currently provides services such as cable and wireless Internet access, web design, portal development; web hosting, server co-location, network management & e-commerce services.