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Alef Mobitech raises $5 million from Tata Capital Innovations Fund

Alef mobitech

Alef Mobitech, a New Jersey and Mumbai-based mobility computing firm, has raised $5 million from Tata Capital Inovations Fund.  Alef Mobitech wil use the funds for business development, marketing and R&D initiatives.

The company caters to mobile network operators, over-the-top service providers and mobile enterprises. Alef was co-founded by Dr Ganesh Sundaram,  a mobility industry expert and a Bell Labs Fellow, and Steve Spencer, a serial entrepreneur in the mobile internet space. The company has developed a mobility-cloud platform that increases the responsiveness and relevance of mobile applications. Alef also provides mobile content which is geared towards increasing user engagement and also minimizes cart abandonment in e-commerce sites.

Other players in mobile Internet optimization space include Israel-based AppsFlyer. The company had set up operations in India earlier in September 2015. AppsFlyer counts Indian firms such as Paytm, Housing, Quikr , Bharti Airtel as clients.

Other investments by the Tata Group in the tech space

– In August 2015, Tata Opportunities Fund made a ‘significant investment’ in cab hailing application Uber to expand its services and solutions in India.

– In March 2014, Payment solution provider Innoviti secured Rs 10 crore funding from Tata Capital and a group of three individual investors. Titan industries had also picked up 5% stake for an undisclosed amount in Innoviti Solutions in May 2006.

– In 2013, Pune-based Enterprise file sharing and data sync service Vaultize has raised undisclosed amount of funding from Tata Capital Innovation Fund. Vaultize offers a enterprise file sharing platform which has features like Secure EndPoint Backup, EndPoint encryption, ability to access data across various mobile devices and tablets securely, data privacy and support for Google Apps backup among others.

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