Naya Ventures to invest up to $2 mn in Hyderabad firm

Naya Ventures, a US-based venture capital firm, will be investing up to $2 million in Global Outlook, a cloud-based business communications service provider from Hyderabad.

Global Outlook, which offers services using Microsoft’s core communication products under software as a service (SaaS) model, was started in 2007 and currently claims to have 10,000 users from 70 enterprises.

While the company has so far received $2 million from various individual investors, it is now seeking funding for expansion of its marketing operations outside India, according to Raghu Kumar, CEO. It will be requiring up to $2 million for the market expansion plans, he said.