One97 Mobility fund has invested in Kerala based mobile app developer Dexetra Software Solutions Pvt Ltd.
The funds will be used for scaling the team size and up-scaling the technology.
Cochin based Dexetra was founded by Narayan Babu. It develops apps for iPhone, iPad, Android and Blackberry phones. It has developed several apps including TryCube2, SecureKeys, AibiNox and Friday. Friday already has over a million users.
One97 Mobility Fund is a $100Mn fund backed by SAIF Partners. The fund invests in early stage mobile companies. In July, it invested $820,000 in Singapore-based mobile gaming company, TheMobileGamer.
Before that, it invested in Singapore-based LeapSky Wireless, which has developed 'JumpSurf', a device which provides cheaper international data roaming to customers through bulk data deals with telecom operators across geographies. The fund has also invested in companies like Oct2ps Pvt Ltd and Oorja Mobile Services Pvt Ltd.
Indian mobile app developers are attracting a lot of investor interest in the recent past. Most recently, Onward Mobility Solution Private Limited raised Rs.18 Cr series A funding from IndoUS Venture Partners and Qualcomm Ventures.
Other Indian mobile application developers such as VerSe Innovation and Mobiquest Mobile Technologies have raised PE/VC funding in the past few years.
Mobile App Developer
, One97 Mobility Fund
, Dexetra Software Solutions Pvt Ltd
, Narayan Babu
, SAIF Partners
, TheMobileGamer. Oct2ps Pvt Ltd
, Oorja Mobile Services Pvt Ltd
, Onward Mobility Solution Private Limited
, IndoUS Venture Partners
, Qualcomm Ventures
, VerSe Innovation
, Mobiquest Mobile Technologies
|Date||Type||Buyer||Target||Size ($mn)||State |
||Persistent Venture Fund
||TechClove Software Products LLP
||IDG Ventures India Fund
||Aujas Networks Private Limited
||Duronto Technologies Private Limited
|Name||Corpus|| Target Sector ||Website||KeyContact |
|One97 Mobility Fund