Cloud telephony company Exotel raised $35 million in a Series C funding round, led by Sistema, CX Partners and existing investor A91 Partners. IIFL, Synergy Capital, and Blume Ventures also participated in the round. The firm is trying to become a full-stack client engagement service provider for enterprises in growing economies. It plans to use the funds to buy contact centre software provider Ameyo and invest in future growth.
- What is Stock Order : Types, Differences & How Order Works
- India’s Business Activity Hits 3-Month High in Nov Amid Rising Costs
- Trudeau to Cut Sales Tax and Send Checks to Canadians Ahead of Election
- Ashwini Vaishnaw Encourages German Companies to Invest in India
- Flipkart Appoints Dan Bartlett to Board
As of late, there’s no public cloud contact centre in India. You either had a Communications Platform as a Service (CPaaS), or you had a contact centre software professionals. “We’re trying to bring Ameyo on top of our infrastructure, so we can use Ameyo to complete the cloud without any hardware”, Shivakumar Ganesan, co-founder and CEO of Exotel, said. He said both Exotel and Ameyo are trying to bring a lot of investment than before as they are in growth mode.