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Mumbai Angels leads $800,000 investments in Zipdial

15-April-2011
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Mumbai Angels leads $800,000 investments in Zipdial

Mobile solutions firm ZipDial, which helps companies use a single missed call as a mobile verification service, enabling spam-free verification, has received series A angel funding of over $800,000 from India and US based investors, led by Mumbai Angels. The firm is currently being used by companies like Flipkart and Myntra.

ZipDial Mobile Solutions is a Bangalore-based company founded by Valerie Rozycki (CEO) and Amiya Pathak (COO), technology entrepreneurs with degrees from top global universities and graduate schools such as IIT-Kanpur, IIM-Calcutta and Stanford University, as well as extensive professional leadership experience in both India and the US, including companies like mChek, Zapak.com, eBay, and Ketera.

Anil Joshi, Head, Mumbai Angels, said that the investment group’s decision to invest in ZipDial was simple. “We believe that ZipDial, with their patent-pending technology and strong team, would leverage mobile platform to deliver host of services to customers across industry,” he said. Joshi further said that Sunil K Goyal, Founding Partner, YourNest Angel Fund, and Shravan Shroff, Founder, Fame India, had joined Business Review and Investment Committee (BRIC) of ZipDial to represent the investors from Mumbai Angels Group.

Goyal said that the Mumbai Angels Group was very impressed with ZipDial’s offering of a mass market tool for market research and customer feedback. A brand or a customer service organisation can get real time response and analysis from their customer, with them using free service of ZipDial. ZipDial’s patent-pending missed call concept offers varied services like polling, generating sales lead, and so on. He noted, “Such an approach is unique and would certainly bring customers closure to their brands using high penetration of telecom services.”

“We are delighted to have Mumbai Angels as an integral part of ZipDial now,” said Rozycki, adding, “We plan to make ZipDial yet another success story from their portfolio, helping to inspire even more entrepreneurship and innovation in the Indian market.”

Shroff added that investors from the Mumbai Angels Group viewed ZipDial as a high quality early stage company with potential for sustainable scalability and profitable growth. He added that group was delighted by the business progress achieved till date.

 

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