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Call Recall To Raise $1 Million From Shapoorjee Chandabhoy Finvest

Call Recall, a IT/Mobile App company, is in final stages of raising $1 Million in venture capital funding from Shapoorjee Chandabhoy Finvest (SCFPL), Farzan Ghadially, President,  SCFPL posted at the PuneStartups forum; VCCircle subsequently reported the deal, adding that SCFPL is picking up 20% stake in the company. The investment will be made in tranches, according to the post at PuneStartups. (Update: VCCircle has updated its report here)

Call Recall allows users to record and archive calls and voice memos, with contextual tags for search, working across mobile and desktop. Here’s a guide to their symbian application (pdf) for Speech2Web. They also allow users to collaborate globally using calls, memos, images & videos, according to their website.

Though he had written, and it was reported, that the deal was done, Ghadially has subsequently clarified to MediaNama that the deal is in its final stages, and not closed yet. That explains the notice at Revamp.in, a consultancy founded by Call Recall founder Mandar Vaidya which created Call Recall, which reads –

“NEWS: Management denies reports appearing in news related to investment by SCFPL (http://vc-list.com/?p=4694). We have asked the agencies to remove the incorrect news and publish updated information.”

At the time of filing this report, we’re awaiting a response from Vaidya.

Update: Vaidya confirms that they’re in talks with SCFPL, and SCFPL “is considering an investment” in the company.

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