Exotel has announced a fresh infusion of 45 crores from A91 Partners, Blume Ventures and a panel of angel investors. The angel investors include Binny Bansal (Co-founder of Flipkart), Vikas Choudhury (President of Reliance Jio), Deep Kalra (CEO, MakeMyTrip), Rohan Angrish (Head, ICICI Labs engineering) among others. Additionally, Anand Chandrasekaran, former Facebook and Snapdeal product leader, is joining Exotel as an advisor and mentor.
With the fresh infusion of funds, Exotel eyes accelerated growth. Ishwar Sridharan, COO and co-founder of Exotel mentioned, “We are at a USD 25 million top line run rate and we continue to grow profitably. We are seeing significant adoption in BFSI, Auto and FMCG industries. I’m looking forward to an exciting growth phase in the year ahead. We are building the best products in communications tech, and we are looking to hire 200+ people in Product, Engineering and customer facing roles.”
Shivakumar Ganesan, CEO and co-founder of Exotel commented, “I am stoked about bringing on board angel investors who have a wealth of experience in building long lasting institutions and who have a keen sense of how to add value to customers. My leadership team and I look forward to working with them to build the future of customer communication tech in emerging markets.”
Kathik Reddy, managing partner, Blume ventures also said, “Watching Exotel grow 150x from when we joined the journey 8 years ago has been a pleasure. And we do believe the best is yet to come and want to double down on our commitment for the 10x+ journey from here.”
Gautam Mago, general partner, A91, said, “We are delighted to deepen our partnership with Exotel and support the company’s growth going forward.”
Arya has been a part of the Content & Research Team at Hrnxt.com. She is a keen observer of economic developments, emerging businesses, people in business and keeps a tab on latest happenings in the business environment.