Vidteq Raises Funding From KITVEN

Bangalore based Vidteq has raised funding from KITVEN, a fund contributed by Karnataka State Industrial Infrastructure Development Corporation (KSIIDC), Karnataka State Financial Corporation (KSFC), Small Industries Development Bank of India (SIDBI) and Karnataka Bio-technology & Information Technology Services.

We have profiled Vidteq earlier (VidTeq – Video Maps for Bangalore [Fancy or Need?]) and the company has moved from being a pure B2C player to providing VideoMap based Navigation, Location and Search solutions for Businesses (like hotels/schools/colleges etc).

Started in 2008, the company plans to use the funds for enhancing its sales and marketing team and taking the Cell app to production.

KITVEN earlier invested $0.6 Million in Sloka Telecom.

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