Former Naval Commander Anil Prem DSouza, along with his investment firm Cbensol and co-founder Hansa Sharma, has divested their holdings in Simpliance Technologies, a Bengaluru-based tech startup specializing in processing labor compliances for businesses. They collectively sold their stake to Aparajita for Rs 28 crore.
DSouza established Simpliance in 2015, initially with a 52% ownership by business services provider Quess Corp. However, in October 2022, Quess Corp sold its entire stake in Simpliance to HR compliance services firm Aparajitha Corporate Services for an enterprise value of Rs 120 crore.
Speaking about his plans post-exit, DSouza stated, “I intend to explore opportunities within the rapidly expanding waste management industry and also aim to address challenges prevalent in the real estate sector. My goal is to continue resolving critical issues impacting businesses and individuals nationwide.”
DSouza initially bootstrapped his startup after recognizing a business niche in assisting startups and corporations with their periodic filings to labor authorities. Given the myriad state-specific labor regulations in India, compliance can be complex for companies.
At the inception of his app seven years ago, DSouza emphasized that his startup’s business model aimed not to intimidate clients but to demonstrate how the entire process could be streamlined within seconds.
