Former Naval Commander Anil Prem DSouza, his funding agency Cbensol, and cofounder Hansa Sharma have exited Simpliance Applied sciences, a Bengaluru-based tech startup engaged in processing labour compliances for companies. They bought their mixed stake to Aparajita for Rs 28 crore.

DSouza based Simpliance in 2015 wherein enterprise providers supplier Quess Corp held a 52% stake a time. In October 2022, Quess bought its total stake in Simpliance to HR compliance providers firm Aparajitha Company Providers for an enterprise worth of Rs 120 crore.

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On his plans post-exit, DSouza stated, “I plan to discover alternatives within the quickly rising waste administration business and likewise goal to unravel challenges plaguing the true property sector. My aspiration is to proceed fixing vital points affecting companies and people throughout the nation.”

He bootstrapped his startup after he noticed a enterprise alternative in aiding startups and corporates course of their periodic filings with labour authorities. Indian corporations should adjust to myriad state-specific labour laws.

On the time of launch of his app seven years in the past, D’Souza had stated his startup’s enterprise mannequin was to not scare the shoppers however to point out how the entire course of might be performed in just a few seconds.

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