Your browser is currently blocking notification.
Please follow this instruction to subscribe:
Notifications are already enabled.

Tata Capital Innovation Fund Invests $5 Mn In Alef Mobitech Solutions

Tata Capital Innovation Fund Invests $5 Mn In Alef Mobitech Solutions

Mumbai-based mobility-cloud interconnect platform & solution suite company, Alef Mobitech Solutions Pvt Ltd, has raised about $5 Mn in a funding round from Tata Capital Innovation Fund (TCIF) – a private equity fund managed by Tata Capital.

The raised capital will be used to strengthen Alef Mobitech’s business development, marketing, research and development initiatives in order to establish a leadership position in the mobile internet space, reported ET.

Founded by Ganesh Sundaram, Alef Mobitech Solutions is a fully owned subsidiary of US-based Alef Mobitech Inc. The company it enhances user engagement by increasing relevance and responsiveness of mobile internet applications.

It aims to transform the way people communicate, shop, work, play, and entertain.

Speaking on the development, Vineet Chadha, Tata Capital Innovations Fund Partner said, “The consumption of data in general and videos in particular is increasing exponentially. While smartphones have become ubiquitous, the current mobile technologies available are unable to handle the enormous growth in mobile data.”

Welcome to Flash Feed, your essential source for breaking news and innovation from around the web – bite-sized and updated all day.


Vishal Singh

Inc42 Staff

For Vishal Singh, football is oxygen, traveling is living, night is day, online gaming is serious sport and superheroes are real. Yes, real. And like the call sign of any superhero, one can always find him enrapt to his laptop screen. His passion lies in writing pieces that would get the brain engines of readers churning and aspires to one day be known by his opus.

Loading Next…

Upcoming Events