Exotel announced that it has raised $35 million as a part of its Series C funding round from IIFL AMC, Sistema Asia Fund, CX Partners, Singularity Growth Opportunities Fund, and Vodafone ex-CEO Arun Sarin, who has also joined the round as an angel investor and a mentor. Existing investors Blume Ventures and A91 Partners also participated in this round. Bengaluru-based investment bank IndigoEdge was the exclusive banker for the transaction, as stated in the press statement.
According to the official statement, this fresh infusion of funds will be used primarily to boost the company's product offerings.
