Twist Mobile Raises Series A Funding from Matrix PartnersTeam YS
Having offices in Singapore and Indore (India), startup Twist Mobile today announced that they secured series A funding from Matrix Partners. The amount of funding is undisclosed. Twist mobile was founded in 2009 by Virat Khutal, who in his previous avatar was a game designer at Gameloft India Pvt Ltd. It was also made known that post funding, Rishi Navani, M.D and Vikram Vaidyanathan, V.P from Matrix partners would join the board of Twist Mobile.
The funds shall be used for brand promotion and marketing besides building on employee strength. Having employee strength of 45 in Indore currently, the number is to go up to 120. A new office will be set up in Vietnam with about 30 employees.
Focusing primarily so far on applications for Nokia devices, the company has reached 73 million downloads since they were launched in 2009, out of which about 50 million downloads have been from Nokia devices alone, and they are looking to move aggressively towards Android and iOS in the near future! Also, between 20 and 25 % downloads have been from India whereas around 18% downloads comprised from South East Asia.
Twist Mobile has plans too, for developing apps and content delivery for low end devices like Symbian series 40 and developing city based applications with Local Content for rural India.