Transerve Raises Fund From Goa Government

The investment to Transerve by Goa government is envisioned to create a world class IT infrastructure in state

Transerve gets funded by the government of Goa under their long-term objective GoaITPolicy2018. Under this scheme, the prime objective of the Goa government is to develop the state into an IT hub to promote a modern, clean, green and eco-friendly working environment. The government is also planning to attract a minimum of 10 leading IT/ITES and 5 leading ESDM companies to achieve direct and indirect employment of close to 15,000 professionals. 

Transverse, with its CityOS module built on its Online Stack would help governments in solving complex problems related to urban setup, such as inventorying urban assets, revenue enhancement, land records modernization, thus speeding up the working towards the development of an IT ecosystem that powers the state’s economic growth & establishes as the preferred destination for technological initiatives.

Commenting on the opportunity, XVZ, Founder Transerve commented that, “We are extremely honored to be a part of one of the biggest ventures of the Goa government. We utterly believe in the government’s vision to develop the state into a world class IT hub and attract employment of all kinds. Transerve, with its high-end resources, features and management, will help the government speeding up the ‘GoalITPolicy2018’ process and achieve the objective within the stipulated period of time.”

Source: Business World