Cloud Telephony Startup Knowlarity Acquires Unicom Techlabs; Lays Out Inorganic Growth Plan
Cloud telephony startup Knowlarty seems to be getting aggressive on its inorganic growth plan. The Sequoia backed company Knowlarity Communications has acquired Unicom Techlabs, a cloud telephony startup based in Delhi.
Knowlarity had raised Rs 35 cr from Sequoia Captial in January 2012.
Shruti Agarwal, CFO of Knowlarity hinted at more such deals in 2014. She said:
…It is also a great learning experience for all the consequent deals in the pipeline for 2014 which will take us further towards our goal of market consolidation.
She’s even extending an exit option to startups in the space. “Knowlarity is more than willing to help startups looking for an exit options in a fast consolidating market. We have more acquisitions planned in the coming year,” she said.
Other cloud telephony companies like KooKoo & Exotel are also doing well in the Indian market.