Qubecell, a Mumbai-based mobile billing aggregator, has raised seed funding in a round led by Kae Capital, with participation from Blume Ventures, Mumbai Angels and Russian investor TA Ventures. The transaction occurred in December 2012, and the company plans to use the funds raised to grow business in India and abroad by getting more merchants. It will also develop its technology platform.
Founded in 2012, Qubecell integrates with telecom operators in the country and enables mobile payment service through carrier billing.
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