INDUSTRY NEWS

Indian startup set to move into Tech City London office

An India-based IT startup is set to move into a London office in Tech City.

Heckyl Technologies, a financial analytics firm, is one of 25 global firms either investing in, or set to move into the area in the near future.

Old Street Roundabout in Shoreditch has proved to be particular popular with IT and creative media firms looking to capitalise on the UK’s own Silicon Valley.

Focussed on finance, Heckyl Technologies is to set the London office up as a  base for its sales and marketing as well as research and development work. It is expected to create 25 jobs over the next three years.

Heckyl Technologies co-founder and CEO, Som Sagar, said: “Finance and London are deeply inter-linked. It is one of the most matured and fastest growing markets in the world. If a financial product wants to explore its full potential, then UK is the market. So we had a choice: to be the best, you have to be with the best.

“London/UK has played a pivotal role in helping us set up our office here. This will truly set a benchmark for other Indian start-ups looking forward to go global and will infuse trust in London, as not only a financial centre but also a place where entrepreneurship is given precedence over anything else.”

Earlier this year, the firm won a competition run by UK Trade and Investment and launched by David Cameron during this visit to India in February to be labelled India’s most innovative company.

By: Kirsty MacGregor

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