Mobme Looking to Raise Upto Rs 130 Crore
Telecom and banking technologies start-up Mobme said it is looking to raise up to Rs 130 crore in the latter part of 2017 to invest in research and development and expansion to international geographies.
"We are looking to raise Rs 100-130 crore after June, primarily for our digital banking and customer experience analytics businesses," its chief executive Sathya Kalyanasundaram told reporters here.
He said up to USD 10 million or 70 per cent of the money that will be raised by the decade-old company will be invested in research and development efforts, including conversational banking, voice technology and artificial intelligence products like chat BOTS.
Kalyanasundaram said the company is cash-positive right now and delivering profits every year, but it needs to do the investmen...