Azim Premji helps create India’s newest tech unicorn Icertis

Azim Premji, the Executive Chairman of Wipro, has helped create the country’s latest tech unicorn – Icertis.

Icertis, which competes with SAP SE and Oracle Corp to help businesses manage contracts in the cloud, has raised $115 million. This has propelled it to unicorn status as investors flock to enterprise software makers.

The advanced-stage funding round in Bellevue, Washington and Pune, India-based Icertis was co-led by Greycroft Partners LLC and Premji Invest, the fund managed by the family office of tech billionaire Azim Premji. Existing investors including B Capital Group, Eight Roads Ventures and Cross Creek Advisors participated. With this, Icertis has raised over $211 million.