Microqual raises $10-m in funding

MUMBAI:Microqual Techno, a R.F systems and solutions company, has announced the closure of a $10 million private equity funding round from NEA-IndoUS Ventures, JAFCO Asia and BTS India Fund.

Mahesh Choudhary, CEO of Microqual Techno Pvt. Ltd, said, “This funding will strengthen our capability to offer complete solutions to the rapidly growing telecommunication industry, and accelerate existing and new solutions initiatives. The funding will help us strengthen this focus on evolving customer needs, and enhance our infrastructure and team to deliver against the same.”

“As the mobile telecom infrastructure deployment in India over the next few years is anticipated to be the biggest ever globally. We see a big opportunity in supplying and meeting the demands of major mobile telcos,” he added.

“The Indian telecom industry continues to experience rapid growth. Microqual with its track record and highly motivated management team is well positioned to take advantage of this market opportunity. We are pleased to invest in Microqual to enable them to firmly establish their leadership” said Dr Kumar Shiralagi, managing director, NEA-IndoUS Ventures.

Microqual, designs, manufactures and sells components and solutions for wireless applications (GSM, CDMA, WiMAx, etc). The company is based out of Mumbai with manufacturing facilities at Bangalore and Uttarakhand.

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