Singapore-based VC firm Jungle Ventures has invested in Bangalore-based mobile technology company ZipDial Mobile Solutions as it expands its business in the Southeast Asian markets.
ZipDial has just launched operations in Sri Lanka. A marketing and analytics platform, ZipDial creates engagement with traditional media like print and television using missed calls. Jungle Ventures joins a roster of early investors, including Mumbai Angels, Blume Ventures and US-based 500 Startups. ZipDial now has over 400 customers, including big consumer goods companies Procter & Gamble and Unilever.
Jungle Ventures’ earlier investments include online retailer EkStop and Mobikon Technologies.
From the Venture Intelligence Angel Investments database: ZipDial had raised INR 3.75 Cr for a 43.85% stake from Mumbai Angels and US-based angel investors in Apr-11.
Source: Economic Times
Venture Intelligence is the leading provider of data and analysis on Private Company Financials, Transactions (private equity, venture capital and M&A) & their Valuations in India. Click Here to view our products list including the Free Deal Digest Weekly: India's First & Most Exhaustive Transactions Newsletter.