Sequoia Capital has acquired a minority stake in Knowlarity, a Gurgaon-based company that offers cloud telephony-based solutions. This is believed to the first investment in the cloud computing space in India for the PE firm that will invest 35 crores in the Indian start-up. With this round of investment, the start-up aims to expand services to other emerging markets, including Thailand and Brazil. Merisis Capital Advisors, a Mumbai based investment banking advisory firm, advised Knowlarity on the fund raiser.
Ambarish Gupta, Founder, Knowlarity said, "We built the company to deliver simple and useful telephony products to help other businesses, primarily in the SME segment. Currently, the company has over 40,000 clients across diverse sectors that include major companies such as Pepsi and Procter & Gamble, as well as SME clients."
