May 12, 2025: Celebal Technologies, a digital transformation and enterprise reinvention specialist startup has secured $15 million in a Series B funding round to back its expansion strategy in the North America and Europe region, as well as fast-track the development of AI-powered solutions targeted to the energy, manufacturing, retail, life sciences, and financial services sector.
Anupam Gupta, Co-founder of Celebal,said “We welcome InCred’s PE Fund to join the journey. This investment reflects the strong fundamentals of Celebal and our commitment to delivering impactful outcomes for our clients. As enterprises increasingly recognize data as a strategic asset, our focus remains on helping them harness its full potential at scale. With the backing of InCred’s PE Fund and Norwest, we are poised to drive deeper innovation and global growth.”
Celebal Doubles Revenue, Workforce
The Jaipur-based firm enables large enterprises to modernise legacy systems through the integration of cloud and AI technologies. Since its last fundraise in September 2022, the AI solutions firm has more than doubled its revenue, workforce, and global presence.
“Celebal operates at the nexus of Data, Analytics and AI—three of the most transformative forces in technology today. Their deep domain knowledge and engineering talent make them a compelling partner. We look forward to supporting their continued success,” said Vivek Singla, Managing Partner and CIO – Private Equity, InCred’s PE Fund.
Celebal founded in 2016 by Anirudh Kala and Anupam Gupta, provides solutions encompassing data science, data engineering, cloud innovation, chatbots, low-code platforms, and process automation. Its business services extends to use cases like Customer 360, supply chain optimisation, logistics, and financial analytics.
The latest round of Series B funding was raised from InCred Growth Partners Fund I and Norwest Capital. Avendus Capital served as the exclusive financial advisor to Celebal for the transaction.
