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…
