March 6, 2021

kkr: o9 Options raises $100 million from KKR

Built-in enterprise planning options supplier o9 Options has raised $100 million from international funding agency KKR, at a valuation of greater than $1 billion.

The US-headquartered agency has a major presence in India and supplies a planning and operations platform for enterprise clients akin to Walmart, Starbucks and Nestle.

“The funding from KKR will assist us speed up progress throughout international markets together with India. We’ve 300 folks right here and will probably be hiring extra folks within the subsequent few months,” stated Chakri Gottemukkala, CEO of o9 Options.

The corporate, which employs round 500 folks globally, will proceed to rent on the again of elevated demand throughout verticals.

In India, o9 works with Asian Paints, some Tata group firms and Aditya Birla Group.

“India is the place we rent world-class improvement and consulting expertise. Within the final yr, our India crew grew by near 100%. We’ve onboarded about 100 new folks even within the midst of the pandemic. We’ll proceed to rent each skilled professionals and freshers…,” Gottemukkala added.

The corporate supplies a synthetic intelligence-driven platform which makes use of knowledge to present firms higher visibility into drivers of demand, real-time visibility into dangers and alternatives throughout prolonged international provide chains and improved high quality of forecasts utilizing AI fashions.

O9 Options was co-founded by Sanjiv Sidhu, who was chairman and CEO of provide chain administration agency i2 Applied sciences, and Gottemukkala, who was a director in i2 Tech.

That is the primary exterior funding into the bootstrapped firm, which operates throughout a number of business verticals, together with retail, shopper items, industrial manufacturing, amongst others.

Jake Heller, Co-head of KKR’s Know-how Progress crew within the Americas, stated, “Digitization and the speedy development of economies in Asia are secular progress themes that KKR has been centered on. Sanjiv and Chakri are business pioneers who’ve constructed a best-in-class crew and know-how platform for digitally remodeling how provide chains and operations are managed. We’re thrilled to be the primary exterior investor in o9 and to offer the help of our international platform because the crew continues to speed up their progress in Asia.”