TeleDNA receives $10 mn funding

Mobile value-added technology provider TeleDNA Communications has raised $10 million (Rs 50 crore) in funding from the Mauritius-based institutional investment agency, Peepul Capital LLC. The Bangalore-based company, which specialises in providing telecom software infrastructure required for mobile network operators, aims to expand its sales and support functions, apart from venturing into managed services offerings.

Praveen Nallapothula, MD and CEO, TeleDNA said, “We will be utilising the funds to create sustained, mass market revenue generating VAS applications bundled with our VAS infrastructure products to mobile telecom company and large enterprise. We will expand our existing sales and support functions for catering to business demand and growing customer base.”

BSNL, the state-owned telecom operator is one of the clients of TeleDNA. Besides, the company has product installations in 14 other telecom networks across the world. TeleDNA products provide features like geographical redundancy, highest transactions per second (TPS), content billing mechanisms, statistical reporting and performance and business intelligence tools.