Knowlarity Raises Rs34 Crores from Sequoia Capital

Mumbai, Maharashtra India (PressExposure) January 17, 2012 -- Knowlarity, a pioneer in cloud based telephony solutions in India, announced it has raised Rs.34crores in funding from Sequoia Capital.The two year old company, a Red Herring Asia award winner, has more than 40,000 Indian SME customers use its products and boasts enterprise clients such as MakeMyTrip, Glaxo Smith and Adani group etc.

The funding will be used to strengthen its R&D activities and expand marketing operations, to fuel growth. Further, after establishing its presence in India and Indonesia, Knowlarity now plans to extend to other international markets.

"SMEs in India are actively looking for the products we offer- SuperReceptionist - the hosted office PBX allows an SME to have PBX without having to buy messy hardware in the office and Superfax - a fax to email service allows an SME to receive faxes in email. Knowlarity taps into this market to develop many innovative, inexpensive and hosted telephony based business products that are aimed specifically at SMEs," said Ambarish Gupta, co-founder, Knowlarity.

"Knowlarity has set benchmarks in telephony by providing hosted IVR services for a range of Indian enterprises with 99.9% reliability," said Pallav Pandey, co-founder, Knowlarity. "We provide user friendly technology, enabling a customer to sign up online for a free demo for couple of days and purchase after using it"

Mohit Bhatnagar, managing director, Sequoia Capital said, "Knowlarity best represents the new wave of Indian Telecom 2.0 companies that are going to change the way people communicate in our Country. Cloud Telephony-based services in India are at an early stage and Knowlarity, has been able to build aggressive leadershipin this space."

Knowlarity's product range includes SuperFax, SuperReceptionist, SuperConference and SuperCaller. For larger enterprises the company is providing hosted IVR solutions integrated with their existing IT Systems. The company also powers services for social projects such as m-Governance for Mid Day Meal scheme.

About Sequoia Capital
Sequoia Capital currently manages funds capitalized at close to US $1.4 billion and invests across venture, growth and late stage opportunities in India. It takes a long term view on investments and plays the role of an active, value added partner to entrepreneurs, business families and management teams. Over the last 10 years, Sequoia Capital has invested in more than 50 Indian companies including Café Coffee Day, Comviva, Fashion & You, Idea Cellular, Just Dial, Manappuram Finance, Paras, Quick Heal, Micromax, Via and Vasan Health Care. Sequoia Capital operates out of offices in Bangalore, Mumbai and New Delhi.

Globally, Sequoia Capital has an unparalleled track record of partnering with entrepreneurs to create global market leaders. Sequoia Capital has been an early investor in companies such as Google, Cisco, Yahoo, YouTube, Oracle, Apple, Zappos, Dropbox, and LinkedIn. Sequoia Capital maintains dedicated teams in US, China, India and Israel.

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About Knowlarity
Knowlarity is the pioneer of cloud telephony based solutions in India. The company developed a distributed and extensive telephony platform that utilizes and combines the calling capacity of each cluster on demand to serve high volume requirements for any of its telephony products and services.

Knowlarity started in early 2009 with a vision to enable SMEs in India with productivity telephony solutions. The company has since then launched products that have been sold in wide range of sectors from the SME industry. Knowlarity is focused to deliver simple and useful telephony products that can help businesses to improve their bottom-line.

Press Release Submitted On: January 19, 2012 at 1:53 am
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