Transactions

This deal marks 4th successful closure in the Tech space in the last 2 years by Unaprime’s Tech Team led by Mohit Agarwal, CFA. The deal underlines Unaprime’s deep understanding of the Cybersecurity / DeepTech segment.

Founded in 2020 by Manish Mimani and Mohanraj Selvaraj, Protectt.ai provides mobile threat defence solutions, helping businesses safeguard apps against cyber threats and fraud. Its platform also acts as a compliance hub for mobile app owners, ensuring adherence to regulations from entities such as RBI, SEBI and NPCI. Its solutions cater to banking, fintech, insurance, NBFCs, stock exchanges, and government apps.

Bessemer Venture Partners is a marquee Global Tech VC based out of USA having a special focus on Deep-Tech / Cybersecurity with an experience of over 75+ cybersecurity investments and 800+ Tech Investments. Some of their notable cybersecurity portfolio companies include BigID, Forter, Claroty, Axonius etc. Protectt.ai marks BVP’s first investment in Cybersecurity space in India.

Unaprime deal team commented “We would like to express our gratitude to the Protectt.ai’s team for placing their trust in Unaprime Investment Advisors. We heartily congratulate them as they embark on the next phase of growth by strengthening their GTM strategy especially in US, Europe & SEA and by investing in new deep-tech products to create a complete Mobile Security Platform encompassing Mobile Application, Device and Transaction security.
 
It was an enriching experience working with Manish Mimani, Mohanraj Selvaraj, and team (Ankur Gupta and CA Bhupesh Jain). The exceptional growth experienced by Protectt.ai’s team in the past couple of years is a testament to the team’s unwavering determination, domain expertise, hunger for growth and enthusiasm.

We congratulate BVP team – Vishal Gupta and Vatsalya Tandon for successfully consummating their first cybersecurity investment in India. Your sector expertise and constructive attitude ensured the swift and successful closure of this deal. We look forward to working with you as you deploy from $350mn India dedicated fund.”