Microqual Techno an Indian based company dealing in Radio frequency systems and solutions is extremely close to get private equity funding.
The value of the funding is $20 million. The company is expected to get the funds by August-end. The funds will be utilized to expand the company’s operations.
The funding will not be by a single private equity player but by 3-4 leading private equity players.
Previously the company had raised USD 10 million from three private equity players who are :
- NEA-IndoUS Ventures
According to company sources the above three investors might again invest in the company.
Microqual Techno’s future expansion plans are to enter the Wimax segment and to acquire some European companies of this segment.