Right from the start of the fundraise process, the Signal Hill team displayed a great degree of drive and excellence to guide us every step of the way. Their commitment to the Company and delivering a fantastic outcome for all its stakeholders was very commendable. We highly recommend the Signal Hill team for their technology investment banking expertise.
Knowlarity Announces Series B Investment from Mayfield and Sequoia Capital
India’s largest cloud telephony company, Knowlarity, announced that it has raised Series B growth capital from Mayfield and Sequoia Capital. The Company has developed a host of cutting-edge products that are aimed at replacing expensive communication hardware systems with affordable cloud-based telephony and call handling solutions for small and large businesses alike.
Ambarish Gupta, CEO and founder of Knowlarity said, “Knowlarity is to communications what AWS is to applications. We provide the tools needed by businesses to build today and scale tomorrow. Knowlarity has captured the fragmented enterprise and SMB segment in India using a 360-degree customer acquisition model that includes online marketing, field visits and channel partners. The Company plans to use the same model to increase its presence in other emerging markets.”
Knowlarity’s technology architecture, which is robust and infinitely scalable, is its strongest differentiator. The platform currently supports over 6,500 customers and can handle over a million calls an hour across both PSTN and VOIP networks.
“We will be investing in technology and international expansion, which includes both organic and inorganic growth.” Ambarish added.
Vikram Godse, Managing Director of Mayfield India added, “Knowlarity is solving a big pain point for businesses, allowing them to communicate faster, cheaper & better. We are very excited to partner with the team to build out what could be the largest cloud telephony company in emerging markets.”
Mohit Bhatnagar, Managing Director of Sequoia Capital India said, “Sequoia was the first institutional investor at Knowlarity and over the years we have built a priceless trusting relationship with Ambarish and the management team. A big thank you to the thousands of Knowlarity customers who have helped shape this company and super happy that we will now be welcoming customers across Asia. Knowlarity can help every business manage their precious leads and distributed sales teams with a few simple clicks on their mobile.”
Mayfield is a global, early-stage venture capital firm with over $2.6 billion under management. During its 44-year history, the firm has invested in more than 500 companies, of which 112 have gone public and over 150 have merged or been acquired. The Firm is currently deploying Mayfield XIV, a $365 million U.S. fund, and Mayfield India I, a $111 million dedicated India fund, and partners with GSR Ventures to invest in China.
For more information, please visit: www.mayfield.com
About Sequoia Capital:
Sequoia Capital in India currently manages funds capitalized at close to USD 2 billion and invests across venture, growth, and late stage opportunities. 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 past 8 years, Sequoia Capital has invested in more than 75 companies in India including Capillary Technologies, Druva Software, Justdial, Micromax, Mu Sigma, Pine Labs, Prizm Payments, Quick Heal and Zomato. 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 Apple, Cisco, Dropbox, Google, LinkedIn, Oracle, Yahoo, YouTube and Zappos. Sequoia Capital maintains dedicated teams in USA, China, India and Israel.
For more information, please visit: www.sequoiacap.com