Edited Extracts from Press Release:
Inventus Capital Partners has closed an investment in Telibrahma Convergent Communications (P) Ltd., a leading mobile digital media company operating from Bangalore. Inventus led a US$2 million round, which saw Ojas Venture Partners co-lead with an equal amount of US$ 1 million. Samir Kumar of Inventus) and Pavan Krishnamurthy of Ojas will join Telibrahma’s board.
Telibrahma's solutions allow brands to deliver rich media content and interactive engagements with targeted users' mobile devices. Working independent of mobile operators, Telibrahma reaches user’s mobiles through Bluetooth networks that it has set up in leading shopping malls, retail stores, shopping streets and sporting stadia across the country.
The latest financing round will aggressively grow the company’s footprint across several locations.
Suresh Narasimha, co-founder and CEO of Telibrahma, said, “We’re delighted to have Inventus & Ojas as investors in our company, given their track-record of helping create significant value for a number of entrepreneurs. We specially liked the operating experience they bring along, and their experience of successfully mentoring entrepreneurs. We’re seeing rapidly increasing customer adoption of our Bluetooth-based solutions, and with this investment, we’re confident of accelerating growth, and cementing our position as the leading mobile digital media company in India.”
Inventus had recently announced its first fund to invest in technology-powered companies that address high-growth global and local markets. Inventus was founded with a team of experienced venture investors including Kanwal Rekhi, celebrated entrepreneur and mentor.
More about Inventus Capital:
Inventus supports ambitious entrepreneurs building the next generation of technology powered companies, particularly software products, services, embedded software, consumer internet, semiconductor and mobile services companies. The Inventus principals have successfully invested in over 90 companies through multiple venture cycles since 1993. They typically lead the first significant round of financing and play active mentoring roles on company boards.
To date they’ve supported entrepreneurs in building dozens of successful public companies or highly valued acquisitions, resulting in the creation of $30 billion+ in aggregate wealth and market value for respective entrepreneur founders and shareholders. Inventus Capital Partners was formed with the support of the highest quality institutional investors and top-tier US venture firms including U.S. Venture Partners (USVP). For more information on Inventus Capital Partners, please visit http://www.inventuscap.com