Xelpmoc Design and Tech Approves Rs. 100 Million Stake Sale in Mihup

The latest update is out from Xelpmoc Design And Tech Ltd ( (IN:XELPMOC) ).

Xelpmoc Design and Tech Limited has announced the approval of a partial sale of its investment in Mihup Communications Private Limited, amounting to Rs. 100 million. This strategic move aligns with Xelpmoc’s capital allocation priorities, aiming to support organic growth and invest in AI, ML, and data sciences. The transaction marks a significant step in Xelpmoc’s strategy of exiting startups after a targeted holding period, potentially enhancing its industry positioning and providing value-creating opportunities for stakeholders.

More about Xelpmoc Design And Tech Ltd

Xelpmoc Design and Tech Limited is a professional and technical consulting services company focused on product development, data science, and analytics. The company specializes in building next-generation technology in Artificial Intelligence (AI) and Machine Learning (ML), with a strong interest in Natural Language Processing and Data Analytics. Xelpmoc serves a diverse clientele, including entrepreneurs, startups, and established companies across various industries such as e-commerce, transportation, logistics, recruitment, financial services, and social networking. Founded in 2015 in Bengaluru, India, the company operates across four states in India, offering a wide range of services including mobile and web application development, prototype development, thematic product development, and data science and analytics assistance.

YTD Price Performance: -32.98%

Average Trading Volume: 5,631

Current Market Cap: 1.29B INR

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