Udupi-based Robosoft Technologies raises $12 million

BANGALORE, INDIA: Robosoft Technologies Pvt Ltd, has raised $12 million. This third party mobile app developer raised this amount in Series B round led by private equity firm Ascent Capital which also witnessed existing investor Kalaari Capital investing. Ascent Capital contributed $10 million, while Kalaari put in $2 million.

Udupi-based Robosoft has built over 1,400 apps, across platforms in consumer mobility, enterprise mobility and games & entertainment segments.

Robosoft plans to restructure itself into three separate companies with 99Games and Global Delight being hived off after being funded.The deal structuring stands undisclosed, but it is expected to involve both the investors holding a stake in all the three firms. The company also plans to expand near-shore capability in the US, Europe and Middle East.

The new round of investments will go behind expanding to the Android platform, user acquisition and taking products to the next level in innovation.