Knowlarity garners $20 million in Series C round
With its unparalleled superiority in the market, an eye for aggressive growth and expansion towards more promising markets , The cloud communications platform “Knowlarity” has announced the successful raise of $20 million in its Series C funding round.
The total funds raised by Knowlarity so far raises to $41 Million USD with this investment.The latest investment was led by Dubai-based PE firm Delta Partners and alsosaw participation from existing investors, Sequoia India and Mayfield, and included a small debt-based investment from Blacksoil and Trifecta Capital.
The funds raised would be used by Knowlarity to expand into other international markets, make acquisitions and invest in advanced technology products for its customers.
Speaking on the investment, Ambarish Gupta, Founder & CEO, Knowlarity, said in the press release, “The success of the latest funding round is a strong indication of the trust our investors have in our vision as well as in our strong focus on robust unit economics, which has seen us recently achieve EBITDA breakeven. We are excited about the investment and the quality of investors coming on board. With the domain expertise they bring on-board, we are confident that we will be able to provide even more innovative Consumer to Business Communication solutions to businesses around the world and establish ourselves as global leaders in the segment.”
More than 15,000 customers across several emerging markets are served by Knowlarity. The company will look forward expanding into more markets in the future as it sets its sights on becoming a leading global name in communications technology
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