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2013-04-16

Zipdial raises funding from Jungle Ventures, plans expansion in South East Asia

Bangalore based Zipdial Mobile Solutions has recently raised an undisclosed amount of funding from Singapore based venture capital firm Jungle Ventures. The funds raised will be allocated for expansion, product development, innovation and team expansion.

    Bangalore based Zipdial Mobile Solutions has recently raised an undisclosed amount of funding from Singapore based venture capital firm Jungle Ventures. The funds raised will be allocated for expansion, product development, innovation and team expansion.

According to a release issued by Zipdial, the decision to work with Jungle is very strategic for the company’s international expansion as the team is made up of successful entrepreneurs who have built their businesses and networks in the South East Asia region.

The company is very enthusiastic about the advantages that Jungle will bring in for Zipdial by leveraging assets across their portfolio companies to support regional expansion, the release added.

“Having built businesses as well as our Jungle portfolio across Asia, we immediately saw the power of Zipdial’s innovative model and the team’s potential to be market leaders not only in India but across the region. Given the increasing spend of global and local advertisers in the booming markets of Southeast Asia; we fully support Zipdial’s expansion here as it lays an important foundation for the company’s future growth trajectory,” said Amit Anand, Managing Partner, Jungle Ventures in the release.

In the second week of April 2013, Zipdial has launched in Sri Lanka starting with a campaign for Unilever’s Laojee Tea brand. With over 550 million total mobile subscribers and 139 million internet subscribers, Southeast Asia has been dubbed as one of the world’s fastest evolving technology markets. Jungle will now help Zipdial to build businesses and networks in the South East Asia region and other emerging markets, the release further added.    

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