Mumbai Angels Network’s portfolio company Exotel Techcom Pvt Ltd has raised fresh funding from venture capital firm A91 Partners. The Company was launched in 2011 by Shivakumar Ganesan, who teamed up with Ishwar Sridharan, Siddharth Ramesh and Vijay Sharma to start the venture. In early 2012, it raised seed funding from Mumbai Angels and Blume Ventures. Exotel plans to use these funds to capitalise on the enterprise digital adoption wave in the aftermath of the pandemic and invest in new-age technologies to power chatbots, voice translation services, caller sentiment analysis, automatic call quality assessment and more. In addition, the Company plans to deploy the funds raised to accelerate the product development and enter new markets overseas. In particular, they are looking at the growing revenue contribution from markets such as Southeast Asia to plot its expansion in the coming years. |
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