Knowlarity raises $20 million
Knowlarity has managed to raise $20 million in its series C round of funding led by Dubai-based private equity firm Delta Partners. The round also saw participation from existing investors, Sequoia India and Mayfield, and included a small debt-based investment from Blacksoil and Trifecta Capital. Including this round of funding, Knowlarity is now the leading capitalised cloud telephony company in Asia, with a total of $ 41 million raised in funds.
Knowlarity is looking to utilise the funds raised to expand into international markets, invest in advanced technology products and make acquisitions. The re-investing of its existing partners along with the involvement of Delta Partners – who have a deep domain expertise in telecom technology in Africa and the Middle East – underlines the trust that Knowlarity has managed to generate in the global market.
Speaking on the investment, Ambarish Gupta, Founder & CEO, Knowlarity, said, “We are excited about the investment and the quality of investors coming on board. With the domain expertise they bring on-board, we are confident that we will be able to provide even more innovative Consumer to Business Communication solutions to businesses around the world and establish ourselves as global leaders in the segment.”
Dominic Halfpenny, Partner at Delta Partners Capital, commented, “The way customers and businesses communicate is in the midst of a profound transformation, enabled by new communication channels and the advent of Artificial Intelligence. In an age when customers’ demand for immediacy and first-class service is at an all-time high, those businesses with most efficient interactions with clients will benefit from unparalleled superiority in the market. We are excited to participate in this fascinating and fast-evolving industry and look forward to actively supporting the management team at Knowlarity reach the next level of growth both in India and internationally, in the Middle East, Africa and South-East Asia.”