BlackSoil , a Mumbai-based leading alternative credit provider, has made an undisclosed investment in Mozark, a Singapore-based DeepTech company. This investment is in line with BlackSoil’s investment strategy of focusing on new-age businesses in the DeepTech sector.
Mozark has developed an innovative synthetic observability platform that assists businesses in identifying issues within their digital supply chain and enhancing the quality of user experience. Further, it has experienced a remarkable 2x growth in recurring revenue over the past year and has onboarded renowned clients such as Disney+, Sony, Globe, Marina Bay Sands, Orange, and Carrefour.
Commenting on the same, Ankur Bansal, Co-Founder and Director of BlackSoil said, “As the world continues to shift towards a digital world, the demand for a superior, hyper-connected digital experience is going to grow. Mozark’s groundbreaking synthetic observability platform enables businesses to identify and improve specific elements within their digital supply chain, ultimately enhancing the overall quality of user experience.With its impressive growth in recurring revenue and partnerships with industry-leading clients, Mozark is well-positioned to lead the market. We are excited to partner with Mozark and believe that our debt capital will facilitate their exponential growth and solidify their position as an industry leader.”
Singapore headquartered and a member of International Telecommunication Union, Mozark is a developer of digital experience management platform that helps enterprise customers measure real-user experience by monitoring on real devices connected to real networks. The platform uses a GAI engine that helps enterprises obtain insights to make improvements and to deliver rich experience and care to end customers. Mozark works with Digital Infrastructure providers, Digital Apps, and Digital Enterprises to enhance digital experience, thus ensuring alignment across ecosystems.
“In a hyper-connected world where connectivity powers innovative business models, businesses cannot afford toprovide inferior quality of digital experience to end customers. Inferior quality has a huge cost both for theenterprises and for Digital Energy sobriety. 5G and further technologies only exacerbate this trend. Mozark’s toolsare positioned to help various stakeholders whether it is connectivity providers such as Telecom Operators,Regulators, or Digital App owners to measure and to diagnose the quality of their services under variousconnectivity conditions. We are delighted to partner with BlackSoil. Their debt will help us in expanding ourpresence in newer markets, invest more in R&D, and grow product offerings’ ‘ said Fabien, Founder and co-CEO ofMozark.
Mozark has offices in India, Philippines, Malaysia, and Paris and a customer base in Europe, SEA, India, and the USA. It was founded by Kartik Raja, Fabien Renaudineau and Chandra Ramamoorthy; and is backed by Kalaari Capital.
About Blacksoil:
BlackSoil currently manages an alternative credit platform comprising its systemically important NBFC and AIF. Ithas built a quality loan book consisting of top-notch investments, having deployed $280 Mn across 140 deals and having an AUM of $120 Mn. The portfolio includes investments in 9 unicorns such as Upstox, Udaan, Zetwerk, OYO Rooms, and Spinny, as well as other prominent companies like Curefoods – a major player in the cloud kitchen industry, Blu-Smart – a pioneer in EV ride-hailing, and ideaForge – an IPO-bound drone manufacturer.
