Vegayan closed investment round (July 15th, 2013)

Vegayan announced that it has closed equity investment round in June, 2013 which was led by reputed venture fund, India Innovation Fund (IIF). The IIF fund focuses on early stage innovative and hi-tech product companies which are path-breaking in their respective fields. After rigorous process of technology and business validation, IIF committed to the business partnership in Vegayan.

India Innovation Fund is promoted by NASSCOM which is the premiere association of IT/ITES companies of India. IIF has several leading organizations (ICICI, Bharti Airtel, TCS, SIDBI, etc.) as its corporate partners in the investment fund.

 

India Innovation Fund

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Along with the IIF, several technology and business experts also participated in the investment round as co-investors.  In addition, Vegayan’s early angel investor, Rakesh Mathur also participated in the round.

This investment round reinforces the strong business value created by Vegayan and its growth prospects.

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