Bangalore based cloud telephony startup - Exotel has raised R2.5Cr Series A funding from @Mumbai_Angels and @BlumeVentures_I. 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.
Hyderabad-based CVR Group unit Navayuga Power may sell stake in its power assets to Toshiba, Sumitomo, Mitsubishi & GDF Suez. The deal Value expected to be in between INR 13,800 to 14,400 Mn for equity stake 49 to 51%.
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