KludeIn Acquisition, a SPAC backed by former Morgan Stanley India head Narayan Ramachandran, has set its sights on acquiring a U.S. software firm with links to the South Asian country, Bloomberg reports.
The SPAC raised about $173 million last momth in an IPO. The Nasdaq-listed firm aims to combine with a software or technology-enabled business serving consumers or companies in the U.S. KludeIn told Bloomberg in an interview he is aiming for a target with an enterprise value of $1.5 billion or more, though he declined to specify which companies they are in discussions with. Read more.
