TCIF Invest USD 5 Million in a Mobility-Cloud Driven Company
Tata Capital Innovations Fund (TCIF) has invested around USD 5 million in the US Based Mobile Internet enhancement provider. Alef Mobitech Solutions Private Limited is known for its Mobility-Cloud interconnect platform and solution suite which enhances user engagement by increasing relevance and responsiveness of Mobile Internet applications.
The investment from TCIF will revamp Alef Mobitech Solutions’ business development, marketing and R&D initiatives to establish a leadership position in the Mobile Internet space.
Commenting on the investment, Vineet Chadha, Partner, Tata Capital Innovations Fund said, “The consumption of data in general and videos in particular, is increasing exponentially. While smart phones have become ubiquitous the current mobile technologies available are unable to handle the enormous growth in mobile data. Alef’s solution enhances customer experience on mobile networks by providing rich, high quality mobile content along with superior quality interactions. The Fund liked the strong product domain knowledge of the team and is pleased to participate in Alef Mobitech’s growth journey”.
Dr. Ganesh Sundaram, Founder of Alef Mobitech said, “Alef is committed and driven to create an enabling ecosystem to bring about transformative changes, poised to significantly impact the trillion dollar Mobile Internet market. We are proud to associate with the Tata Capital Innovations Fund on our journey”.
