The latest funding for Yanolja will be used in aiding eZee in setting up their research and development department as per need and creating a suitable environment.
Korean IT firm Yanolja will use funds raised from venture capital fund of Softbank Group to expand business of its Indian subsidiary eZee Technosys, a company official said.
Yanolja raised USD 1.7 billion from SoftBank Vision Fund in July.
“Yanolja, our parent company, in July closed USD 1.7 billion with softbank vision fund. This is going to help eZee to grow its b2b business across the region. Our target is to grow the business 100 per cent year-on-year basis. Yanolja will support us in growth and invest to meet the target,” eZee Technosys CEO Aeijaz Sodawal told PTI.
The company provides end-to-end softwares for hotel and restaurant business management.
eZee Technosys claims to have around 22,000 customers across 160 countries and now plans to strengthen business in select markets with support from Yanolja.
“We…