NetXcell Limited raises $ 1million

Hyderabad, Oct 5: NetXcell Ltd, a telecom application services provider, today announced it had raised one million US Dollar from Ike Lee and Ruderman Capital from venture capital (VC) funding.

The company was taking the VC route to raise around three million USD in the first phase to support their expansion plans in India and the USA, according to a release here today.

NetXcell, which was a VAS provider in India, had expanded to the USA by setting up their office in Dallas last month.

NetXcell would be helping the US operations where they would be playing the role of VAS enabler not only for telecom operators but also for media companies or anyone who wanted to reach out to a huge number of audience in one go.

UNI