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TeleDNA bags $10mn funding from Peepul

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CIOL Bureau
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BANGALORE, INDIA: TeleDNA Communications Private Limited, a mobile value added technology enterprise announced that it has raised funds to the tune of $10 million (Rupees 50 crore). TeleDNA specialises in providing highly scalable, high capacity, robust telecom grade software infrastructure required for mobile network operators and enterprises - which allows them to provide differentiated, sustained and quality value added services to their customers. 

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Mauritius-based institutional investment agency, Peepul Capital LLC has invested in the Bangalore-based TeleDNA

Praveen Nallapothula, managing director and CEO, TeleDNA, said: “We will be utilising the funds to create sustained, mission critical, mass market revenue generating VAS applications bundled with our matured VAS infrastructure products to any mobile telecom company and large enterprise. TeleDNA will expand its existing sales and support functions for catering to business demand and growing customer base."

"Company will also venture into managed services/MVNO offerings with technologies where operators have not made any significant revenues. For example, MMS and CellBroadCast has not been a success story for network operators due to lack of compelling applications, complications around service subscription, device settings and billing plans,” he added.

Vipul Parekh, Peepul Capital, said: “The investment is in line with Peepul’s belief in the growth in India’s telecom sector and TeleDNA’s commitment and ability to deliver state of the art VAS products and services. With Peepul’s investment, the company will be poised to take full advantage of the significantly large telecom VAS market both in India and abroad.”  

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