Knowlarity, raises Series C round of US$20 mil led by Delta Partners

• Company’s Series C round also saw participation from Sequoia India and Mayfield Fund
• The funds will be used to expand into other international markets, make acquisitions

SINGAPORE-based Knowlarity, a cloud communications platform in emerging markets across Asia, has announced the raising of US$20 million in its Series C funding round.

The latest investment in Knowlarity, which claims to be Asia’s largest cloud telephony company, was led by Dubai-based private equity firm Delta Partners. The round also saw participation from Knowlarity’s existing investors, Sequoia India and Mayfield, and included a small debt-based investment from Blacksoil and Trifecta Capital.

Signal Hill, an independent M&A and private capital advisory firm was the exclusive financial advisor on this transaction. The latest investment takes the total funds raised by Knowlarity so far to US$41 million.

The funds raised would be used by Knowlarity to expand into other international markets, make acquisitions and invest in advanced technology products for its customers.

According to Knowlarity founder and CEO Ambarish Gupta, “The success of the latest funding round is a strong indication of the trust our investors have in our vision as well as in our strong focus on robust unit economics, which has seen us recently achieve Ebitda breakeven.

“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.”

“Knowlarity has established itself as the leading player in the consumer to business communications industry in India, and is now exporting this expertise internationally. 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,” said Delta Partners Capital partner Dominic Halfpenny.

Having pioneered the technology of PSTN cloud telephony in India, Knowlarity currently serves more than 15,000 customers across several emerging markets.

Knowlarity is a provider of cloud based communications solutions to businesses in the emerging markets. A Singapore-based company founded in 2009, Knowlarity’s products and services are actively adopted by more than two million users.

Knowlarity’s flagship product is ‘Super Receptionist’, a plug-and-play virtual contact centre for a business. The company and has grown from scratch to a global venture with eight offices in India, South East Asia and the Middle East.
 
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