Alto Partners have sold engineering firm Metalcastello to Mahindra & Mahindra and ICICI Venture Funds Management in a trade sale estimated at over EUR 100m in enterprise value.
Danish VC Heartcore Capital, UVC Partners and existing investor Picus Capital also take part
Deal is an extension of the $4.1m series-A funding round led by Blossom Capital in October 2019
Fresh capital will help the provider of cloud access services expand in western Europe
DBay has also negotiated a new revolving credit facility for the transport and logistics company