Innoz secures investment from Seedfund

Telecom startup, Innoz has secured funding from Seedfund. Innoz’s product, the mobile search engine on the short code 55444 has now crossed the 1 million SMS searches a day mark with its partnerships on Airtel, Vodafone , Aircel, Tata Docomo and Idea.

Innoz was started in 2008 by by four friends at LBS College in Kerala and currently serves over 35 million queries a month from Indian users, growing at around 1,000% a year.

Innoz was incubated by iAccelerator at IIM-Ahmedabad and has received angel funding from Freeman Murray, MobME, Technopark and other technopreneurs at different stages of its growth.

With the additional funding, Innoz plans to further improve its product and strengthen its technology base to support the increase in demand and traffic. It also plans to use the funds to create a unique identity for “55444” as the best place to find information on mobile.

 

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