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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.

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