Exotel Secures funding from Mumbai Angels and Blume Ventures

Launched at UnPluggd, Exotel, the Bangalore based startup that offers Business Phone Systems on the Cloud to Small & Medium Enterprises has secured INR 2.5Cr Series A Funding from Mumbai Angels & Blume Ventures.

Exotel offers a number to a company on which they can receive & make lots of calls & SMS, all at the same time without having to invest in any infrastructure. The product is a dashboard with Sales tools, Marketing tools, Customer support tools, Business intelligence, analytics etc, i.e. all tools necessary for an enterprise to run their business smoothly over Voice & SMS.

Exotel currently has over 65 clients and makes revenues of 4 lakhs per month. After a round of rampant bidding (at ET Now show), Karthik Reddy of Blume Ventures finally sealed the deal investing Rs.2.5 Crores in the start-up for a 25% stake in the company.