Exotel Secures funding from Mumbai Angels and Blume Ventures

Tech

Exotel Secures funding from Mumbai Angels and Blume Ventures

Launched at UnPluggd, Exotel, the Bangalore based startup that offers Business Phone Systems on the Cloud to Small & Medium Enterprises has secured INR 2.5Cr Series A Funding from Mumbai Angels & Blume Ventures.

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. After a round of rampant bidding (at ET Now show), Karthik Reddy of Blume Ventures finally sealed the deal investing Rs.2.5 Crores in the start-up for a 25% stake in the company.

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