IMImobile raises $13 mn from Sequoia Capital

IMImobile raises $13 mn from Sequoia Capital
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First Published: Fri, Nov 13 2009. 12 43 AM IST
Updated: Fri, Nov 13 2009. 12 43 AM IST
Bangalore: Software and managed services provider IMImobile Pvt. Ltd has raised $13 million (Rs60.45 crore) from Sequoia Capital and existing investor First Mark Capital.
“The new financing will enable us to develop our cloud infrastructure for tier I telecom operators and allow us to expand our customer base and account penetration through acquisitions,” said Vishwanath Alluri, founder and chief executive, IMImobile.
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First Published: Fri, Nov 13 2009. 12 43 AM IST