Video calling company Turtle Yogi Technologies, has raised between $250,000 (Rs 1.6 crore) and $350,000 (Rs 2.2 crore) in seed funding from a consortium of investors led by Blume Ventures, reports Economic Times. The company will use the funds raised to increase B2B sales and expand its product offering. US-based micro venture capital firm Shead Holdings and Chennai Angels member R Narayanan, along with Google Singapore executive Rahul Garg also participated in the round.
At present, the service supports only browsers (Chrome and Firefox), but Android and iOS support are on its roadmap, according to its website. It supports broadcasting of calls, and support for one, two, three and four way calling. The broadcast mode supports 25 viewers. Users can conference with several participants with speeds as low as 300 kbps.
On mobile, the technology works on Chrome and Firefox browsers, but on the desktop it supports all HTML5 compliant browsers. It lets you have a video call between four people as of now, but this limit will soon be extended to 10. Founder in 2012, Turtle Yogi, was incubated at Bangalore-based NS Raghavan Centre for Entrepreneurial Learning (NSRCEL) in IIM- Bangalore. It was founded by Hrishikesh Kulkarni and has clients such as CareerVita, EduNext and IIM-B.
Blume Ventures was India’s most active investment firm in 2012 and 2013, and they’ve recently also invested in Home Veda. It is raising another $50 million in funds.