📋 Tender Overview
Project Number
49339
Company Name
Mozark Pte. Ltd. Singapore
Date ESRS Disclosed
Jan 22, 2025
Country
India
Region
South Asia
Last Updated Date
Environmental Category
B
Status
Pending Approval
Sector
Other (Including Satellite Telecommunications, Radio and Television Broadcasting, etc.)
Industry
Telecommunications, Media, and Technology
Department
Gbl Infrastructure & Natural Resources
Project Description
The proposed project involves IFC co-leading the Series B round, investing up to $5 million in preferred shares. The total funding round will amount to $10-15 million for Mozark Pte. Ltd. ( Mozark or the Company ), a privately held company headquartered in Singapore. Mozark Pte. Ltd. has subsidiaries and employees in Singapore, Philippines, Malaysia, and France and leases data centers. Mozark employees work out of the leased office in France, and through co-working spaces in other countries. Mozark was established in 2019 through the merger of Phimetrics (India) and QoSI (France). Mozark provides a cloud-based SaaS platform for non-intrusive testing and monitoring of digital infrastructure, telecom networks, and user applications.
The funding will be utilized to expand operations by (i) incremental hiring, (ii) global device farm deployment, (iii) marketing and public relations and (iv) other funding requirements (including working capital runway).
Overview of IFC's Scope of Review
Overview of IFC’s Scope of Review
IFC conducted an environmental and social (E&S) due diligence for the project, which involved desktop review of Mozark’s E&S policies, procedures, and other relevant documents. Virtual meetings were held with the finance, human resources, and legal teams.
