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Venture Capital | 27 March 2012

Cloud Telephony Startup - Exotel Raises Funding From Mumbai Angels & Blume Ventures

by Irfan Khan
Cloud Telephony Startup - Exotel Raises Funding From Mumbai Angels & Blume Ventures
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Bangalore based cloud telephony startup - Exotel has raised R2.5Cr Series A funding from Mumbai Angels and Blume Ventures. The investors will take a 25% stake in the company, valuing the startup at R10Cr.

Exotel offers a number to a company on which they can receive & make lots of calls & SMS, all at the same time without having to invest in any infrastructure.

The product is a dashboard with Sales tools, Marketing tools, Customer support tools, Business intelligence, analytics etc, i.e. all tools necessary for an enterprise to run their business smoothly over Voice & SMS. Exotel currently has over 65 clients and makes revenues of 4 lakhs per month.

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