NetXcell Ltd, the pioneers in providing Telecom Application Services today announced that they have raised US $1mn as their first round of Venture Capital funding. NetXcell has received this funding from Ike Lee and Ruderman Capital. The company is taking VC route to raise around US $3 mn in the first phase which will support their expansion plans in India and USA.
NetXcell which is a VAS provider in India is also expanding to USA by setting up their office in Dallas last month. Mr. Dayakar Puskoor, Executive Chairman, NetXcell would be helping the US operations where they would be playing the role of VAS enabler not only for telecom operators but also for media companies or anyone who wants to reach out to a huge number of audience in one go.
Read more in The Moneycontrol article.
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