wordpress blog stats
Connect with us

Hi, what are you looking for?

ZipDial Raises Funding From Jungle Ventures; Expands To Sri Lanka

Bangalore based ZipDial Mobile Services has raised an undisclosed amount of funding about two weeks ago from venture capital firm Jungle Ventures, MediaNama has confirmed from Zipdial Founder Valerie Rozycki Wagoner. This funding is a part of its previous funding round in December 2012 and was first reported by Nextbigwhat. The company’s last funding round was about expanding its operations in South Asia and Africa. Wagoner has also informed MediaNama that Zipdial has launched its operations in Sri Lanka as a part of its expansion plan.

In December 2012, the company had raised funding from 500 startups. While the amount of funding wasn’t disclosed, a report in The Economic Times puts the number at somewhere between $250,000-$500,000 or Rs 1.3-2.7 crore. In the same month, it had also raised funding from Times Internet*. In December 2012 when the company raised funds, it had mentioned that the company plans to use the funds raised to expand their operations in South Asia with Bangladesh launch in January 2013 and Indonesia, The Philippines, and Nigeria later this year. In an another report by The Economic Times, Valerie Wagoner had reiterated that the company plans to expand its operations in Africa.

Singapore based Jungle Ventures, which operates in Singapore, India, and South East Asia, will probably help Zipdial to expand its operators in Indonesia and The Philippines.

Founded in 2010, ZipDial is a pull based service, wherein people call a particular number, are immediately disconnected from it, and are sent an SMS as a response. This disrupts the traditional SMS based business, wherein users send an SMS to a short code, sometimes paying premium rates, for either voting on something or pulling some information (like Cricket scores). ZipDial has been deployed on e-commerce portals Flipkart and Myntra, and education portal TutorVista. It also tied-up with LG during the world cup to offer Cricket scores on missed calls. Apart from that, Hindustan Unilever, Puma, Disney and P&G are also among its clients.

Zipdial also uses this method for verification of mobile numbers. In April 2011, the company had raised  Rs 3.5 crore in its first round of funding from a consortium led by Mumbai Angels and Blume Ventures with participation from AngelPrime. Since Zipdial has not disclosed the amount of funds it has raised in its last round, it’s not clear how much funding the company has raised in total.

*Disclosure: Times Internet is an advertisers with MediaNama.

Advertisement. Scroll to continue reading.

Written By

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.



Releasing the policy is akin to putting the proverbial 'cart before the horse'.


The industry's growth is being weighed down by taxation and legal uncertainty.


Due to the scale of regulatory and technical challenges, transparency reporting under the IT Rules has gotten off to a rocky start.


Here are possible reasons why Indians are not generating significant IAP revenues despite our download share crossing 30%.


This article addresses the legal and practical ambiguities in understanding the complex crypto ecosystem in India.

You May Also Like


Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...


135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...


Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...


By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Your email address:*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ