Xcelerate, a Singapore-based leader in Environmental, Social, Governance, Risk, and Compliance (ESGRC) solutions, has announced a significant milestone with a $52 million debt funding round from Orion Capital Asia. This financing is aimed at refinancing existing debts, supporting strategic growth initiatives, and consolidating operations across Asia-Pacific (APAC), the UK, and Australia.
Madhujeet Chimni, co-founder of Xcelerate, expressed enthusiasm about the collaboration with Orion Capital Asia, emphasizing their shared vision for growth and innovation in ESGRC solutions. Shishir Jain, Managing Partner at Orion Capital Asia, highlighted their support for Xcelerate’s strategic initiatives and commitment to delivering high-quality services in compliance and sustainability.
Xcelerate’s recent financial move underscores its commitment to enhancing market leadership and operational capabilities. The company’s expansion strategy includes strategic acquisitions to bolster its service offerings in compliance and sustainability sectors. Notably, Xcelerate strengthened its foothold in India by acquiring Aparajitha Corporate Services, a leading provider of Labour, Employee, and Industrial compliances. This acquisition was followed by strategic moves to acquire three additional competitors, solidifying its position in the segment.
In April, Xcelerate expanded its portfolio into Stakeholder and Sustainability Reporting and Advisory services through an equity stake acquisition in Stirrup Communication Consultants. This strategic diversification aligns with Xcelerate’s objective to expand its ESG advisory and assurance services, catering to evolving market demands.
Furthering its strategic footprint, Xcelerate secured a strategic equity stake in Gieom Business Solutions, known for its Generative AI-powered regtech solutions. Gieom serves a substantial client base in the BFSI sectors across Europe, the Middle East, and India. These acquisitions are integral to Xcelerate’s strategy of integrating advanced technologies and domain expertise to provide robust governance, risk management, and compliance solutions.
Founded with a vision to establish a comprehensive Governance, Risk, and Compliance (GRC) organization, Xcelerate continues to expand its footprint through organic growth and strategic acquisitions. The company’s growth trajectory is underpinned by robust backing from prominent private equity firms such as Federated Hermes, Altair Capital, and Exacta Capital Partners.