The company will use the funding to refinance existing debt and pursue its inorganic growth strategy and further strengthen its businesses in APAC (Asia-Pacific), UK and Australia.

“In Orion Capital Asia, we found a partner that fully appreciates our business model, supports our initiatives and is solutions-oriented,” Accelerate co-founder Madhujeet Chimni said in a statement.

In April, Excelerate entered the stakeholder and sustainability reporting and advisory segment by acquiring a strategic equity stake in Stirrup Communication Consultants and intends to expand into ESG advisory and assurance services.

“The growth capital from the new financing will enable Accelerate to further enhance its leadership position,” said Shishir Jain, Managing Partner, Orion Capital Asia.

Last month, Accelerate acquired an equity stake in Geom Business Solutions, a provider of generative AI-powered RegTech solutions including standard operating procedure (SOP) and policy management, operational risk and resiliency, and digital identity verification for around 125 BFSI customers. Leading provider. Europe, Middle East and India.