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June 30, 2013

Deal Alert: Kalaari Capital invests Rs.22-Cr in app development firm Robosoft

Udupi-based mobile application developer Robosoft Technologies has raised Rs 22 crore in a first round of funding from Kalaari Capital. Robosoft creates mobile applications for external clients and also creates its own apps through its 99Games and Global Delight units. The company, which has developed apps for brands like The Times of India, Sony, HP, Disney, Reliance and Vodafone, is now aiming to be an end-to-end service provider

The company is planning to expand its sales team and set up offices globally, strengthen its design and product teams and invest in product development. The company is also looking to go in for a further round of funding of up to $10 million (about Rs 60 crore) by the next fiscal.

Source: Economic Times

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