New Delhi, Sept. 23 -- Mumbai-based private equity firm Kedaara Capital has announced a $240 million investment in Axtria, an agentic artificial intelligence (AI) company that serves the global life sciences industry.

The transaction consists of a secondary component to provide early investors an exit as well as a company-sponsored share buyback.

US-based Sequoia Capital was one of Axtria's early investors, having provided the company $2.5 million in a Series-A round back in 2010, according to data on Tracxn. Prior to the investment by Kedaara Capital, the company had last raised $150 million from Bain Capital Tech Opportunities in 2021, which valued the company at $850 million. The company was last valued at over $1 billion in 2021, ac...