Knowlarity Raises Rs34 Crores Funding from Sequoia Capital
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.