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2015-11-02

Mobile startup BlackNGreen seeks international expansion

Buoyed by a strong demand for value added services, mobile startup BlackNGreen is eyeing revenue of Rs 350 crore in the next one year as it plans to expand reach to 25 more countries.

Buoyed by a strong demand for value added services, mobile startup BlackNGreen is eyeing revenue of Rs 350 crore in the next one year as it plans to expand reach to 25 more countries. The company, which offers voice morphing services through its flagship ‘Magic Voice’, is also looking to enter India.

For international markets, the Chennai-headquartered firm has tie-ups with major telecom operators including Vodafone, Airtel Africa, MTN, Virgin Mobile and Telenor.

“We are currently present in 60 countries and we are looking to expand our services to 25 more. With these additions we are eyeing a revenue of Rs 350 crore in the next one year as these are very high-growth markets,” Rahul Gupta, Co-Founder, BlackNGreen told PTI. Mainly it is focussing on expansion in some Latin American countries, North Africa and the Middle East.

The startup is also looking to raise funds to fuel the next round of growth and is already in talks with a number of investors. The company has 150 million users currently. It is expecting to add about 50 million users. Started in 2011, the company generated a revenue of Rs 150 crore in the financial year 2014-15.

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