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2015-05-18

IIMA CIIE’s incubatee Awaaz De raises angel round

Awaaz De had earlier raised seed-funding from CIIE, which also led the fundraising of this angel round for Awaaz De.

Awaaz De Infosystems Private Limited, an incubatee of CIIE, IIM-Ahmedabad, has raised an angel round from a consortium of angels led by Mumbai-based angel investor Samir Shah.

Ahmedabad-based startup Awaaz De aims to empower organisations to engage with communities in any language, leveraging the power of spoken voice and mobile phones - through their platform. It provides customised enterprise-scale solutions for organisations to better communicate with their customers and stakeholders through text and voice messages.

Founded by Neil Patel and Tapan Parikh, with combined experience of over 15 years in design and deploying knowledge sharing systems, Awaaz de has hosted over 1,00,000 callers till date. Awaaz De had earlier raised seed-funding from CIIE, which also led the fundraising of this angel round for Awaaz De. 

Samir Shah, the lead angel investor said, “I have known the Awaaz De team for over a year and am truly impressed with the promoter’s passion, leadership and ability to navigate Awaaz De through challenging times. I am excited to collaborate with them as Awaaz De accelerates its efforts to make a positive impact on communities worldwide, with a particular emphasis on the development sector.”

Neil Patel, CEO, Awaaz De on raising this investment, said, “These are exciting times for Awaaz.De as we grow and diversify our customer base in India and abroad, collaborating with like-minded organizations and leveraging our expertise and the immense potential of ICTs for social impact. Awaaz De values the support we receive from our investors, well-wishers and friends.”

Vipul Patel, Associate Vice President at CIIE said, “We see this angel round to be a great strategic partnership for Awaaz De. Even prior to the investments the angels have been adding significant value to Awaaz De and we look forward to the company impacting more people through this support.”

Recently, CIIE had helped impact startups Bodhi Health Education and Sickle Innovations raise funds from TAKE Solutions and Mahindra Finance as a part of their CSR contributions.

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