Sridharan looks to hire 200+ people in product-engineering
Exotel announced a fresh infusion of Rs.45 crores from A91 Partners, Blume Ventures and a panel of angel investors including Binny Bansal (Co-founder of Flipkart), Vikas Choudhury (President of Reliance Jio), Deep Kalra (CEO, MakeMyTrip), Rohan Angrish (Head, ICICI Labs engineering).
Additionally, Anand Chandrasekaran, former Facebook and Snapdeal product leader, is joining Exotel as an advisor and mentor, Exotel said in a release on 2 June 2021 from Bengaluru.
“We are at a US$25 million top line run rate and we continue to grow profitably. We are seeing significant adoption in BFSI, Auto and FMCG industries,” Ishwar Sridharan, COO and co-founder of Exotel, said after announcing the latest funding.
“I’m looking forward to an exciting growth phase in the year ahead. We are building the best products in communications tech, and we are looking to hire 200+ people in Product, Engineering and customer facing roles,” he said.
The pandemic is continuing to impact the way business is conducted. The shift to cloud based communication is happening at a more rapid pace now.
“I am stoked about bringing on board angel investors who have a wealth of experience in building long lasting institutions and who have a keen sense of how to add value to customers. My leadership team and I look forward to working with them to build the future of customer communication tech in emerging markets,” added Shivakumar Ganesan, CEO and co-founder of Exotel.
“Watching Exotel grow 150x from when we joined the journey 8 years ago has been a pleasure. And we do believe the best is yet to come and want to double down on our commitment for the 10x+ journey from here,” said Kathik Reddy, managing partner, Blume Ventures.
Just over the last few months, Exotel has powered over 150 helplines and nonprofits that were working on providing on ground support to the affected during the pandemic. It currently also powers customer communication for 4000+ organisations including Flipkart, Ola, Swiggy, Zerodha, etc. On an average, Exotel powers 10 million conversations every day. The company is currently profitable at a USD 25 million top line run rate.
Gautam Mago, general partner, A91, added, “We are delighted to deepen our partnership with Exotel and support the company’s growth going forward.”
Exotel is all set to celebrate their 10th anniversary of operations this year. During this time, it has become the largest and the fastest growing cloud telephony platform in Asia. With the fresh infusion of funds, Exotel eyes accelerated growth.
Incorporated in 2011, Exotel was co-founded by three engineers to help businesses bring order and efficiency to customer communication. Working with some of the fastest growing companies in Southeast Asia (Uber, Ola, Flipkart, GoJek, Lazada, Quikr, Redmart, etc.), Exotel helps them manage their customer communication over calls & SMS. Exotel’s world-class, cloud-based solution simplifies customer communication for over 4,000 companies in India, Australia and SEA. #funding #banking #investment #technology /fiinews.com
