Bangalore based startup Moveo Systems has closed its second round of funding, reports the Hindu. The funding as per the report, is from CEOs of large Indian firms. Though the amount has not been disclosed, it will be used to set up a sales and marketing team. Moveo has been founded by Sankalp Saxena, formerly a global Sr. VP at Macromedia and Vice President and the Chairman and Managing Director of Macromedia India and i2 Technologies India respectively.
Moveo had received $1 million in seed funding (pdf) last year from executives from General Electric, IBM, FeatherLite and others. The company has deployed m-CRM and m-coupons initiatives, and plans to enable money transfer from ATM to mobile and video streaming.
Subscriber content
?
Subscriber content comes from Gigaom Research, bridging the gap between breaking news and long-tail research. Visit any of our reports to learn more and subscribe.
Advertisement
Advertisement
Advertisement
Comments have been disabled for this post