IT startup Newgen Software raises $20 mn from Goldman Sachs
Delhi-based information technology (IT) startup Newgen Software has raised $20 million by selling shares to Goldman Sachs and Forefront Alternative Investment Trust. The list of investors also includes SBI Mutual Fund and Aditya Birla Sun Life. Founded in 1992, Newgen provides services such as Business Process Management and has wholly owned subsidiaries across the US and Canada among others.