Smarter Capital is pleased to announce the acquisition of a 50% equity stake in Chilliapple.
Chilliapple is a Tunbridge Wells-based, award-winning software development and digital transformation agency, specialising in custom bespoke development projects, apps, and e-commerce websites.
Known for its highly skilled, future-proof bespoke coding and web design at fair pricing, Chilliapple has built a strong reputation for delivering exceptional digital solutions and providing long-term client support.
A Growing Legacy in Web & App Development
Founded in 2008 by Nick Sharps and Lokesh Gupta, Chilliapple has grown profitably year after year, establishing itself as a trusted partner for businesses seeking expert development services.
With nearly two decades of experience, the agency has expanded its capabilities across eCommerce, SaaS, app and website development, web design, SEO, and dedicated developer services.
Serving startups, SMEs, Enterprise clients, and household brands, Chilliapple has positioned itself as a unique hybrid agency, combining the best of the UK and India.
The firm blends bespoke design and project management from its UK headquarters with a highly skilled development team in India, ensuring clients receive innovative solutions tailored to their business needs.
With comprehensive development expertise across the entire modern tech stack, the business holds an impressive array of industry-recognised certifications. These include official recognition as a Magento Partner and Certified Developer, an Adobe Solutions Partner, a Shopify Partner, and a Laravel Certified Partner, among others.
These credentials not only demonstrate the team's technical proficiency but also highlight their commitment to delivering high-quality, scalable, and innovative digital solutions across multiple platforms.
Strengthening Capabilities & Driving Growth
This transaction sees Smarter Capital acquire the equity of co-founder Nick Sharps, while Lokesh Gupta remains as a 50% shareholder, continuing to lead Chilliapple's development hub in India.
The UK team remains under the leadership of Sophie Dixon, who is stepping up to the board and will work closely with Smarter Capital's executive team to drive the next phase of growth.
Lokesh Gupta, Co-Founder of Chilliapple, commented:
'I am delighted and excited about this new venture and the experience and opportunities that Smarter Capital brings to Chilliapple.'
'I thank Nick for his contribution to our growth and wish him all the best in his future endeavours.'
A Tactical Move for the Future
Karl Paul, Chief Acquisitions Officer at Smarter Capital, stated
'Chilliapple is a key tactical addition to our group, enhancing our in-group capabilities to support our expanding portfolio of companies.'
'It also provides a strong foundation for substantial growth, both organically and through acquisition.'
'We are excited to collaborate closely with Lokesh, Sophie, and the wider Chilliapple team.'
The long-term strategy for Chilliapple will focus on
- Continued organic growth - supporting ambitious businesses with best-in-class web and app development solutions.
- Enhancing operational efficiencies and expanding the client base.
- Exploring strategic acquisitions to accelerate scale in a cost - and time-efficient manner.
- Becoming the digital transformation partner of choice for Enterprise-grade Clients.
Nick Sharps, Co-Founder of Chilliapple commented on why Smarter Capital was the acquirer of choice given the strong demand for the business:
'Smarter Capital offer a wealth of experience and expertise in the digital space that will enable unparalleled growth of Chilliapple.'
'Their deep understanding of scaling technology businesses, combined with their strategic approach to investment, ensures that the business has a partner who not only provides capital but also adds real value through industry insights, connections, and guidance.'
'Smarter Capital's proven track record of supporting high-growth companies aligns perfectly with Chilliapple's vision, making them the ideal choice to help the business accelerate its expansion and enhance its service offering.'
Seeking Further Opportunities
As part of Smarter Capital's long-term growth strategy, the firm is actively seeking to partner with or acquire UK-based businesses, particularly in IT and Software Services. By applying its expertise in technology, digital transformation, operational efficiency, and revenue growth, Smarter Capital aims to create significant value for shareholders across its portfolio.
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