Jul 7, 2015

Flytxt Bigdata Startup raises $11 million in funding from multiple investors

Flytxt.com a big data and analytics startup  has raised $11 million in funding led by Sunrise Capital GmbH and Big Data Investments B.V. Flytxt has its development centers in Mumbai & Trivandrum in India, and also has presence in London, Singapore, Lagos, Nairobi, Dhaka and Mexico City. Flytxt provides big data analytics solutions for Communication Service Providers (CSPs) as well as Mobile Enterprise across the globe.

Idea Cellular is a big client of Flytxt which deployed mobile ad marketplace that would allow brands and ad agencies to deliver relevant ads to over 130 million Idea Cellular subscribers.

About Flytxt
Flytxt is a Big Data Technology leader with a focus on enabling Communication Service Providers (CSPs) to derive economic value from subscriber data. The company offers Customer Experience and Revenue Management Solutions as well as consultancy services to help CSPs run campaigns for increasing revenue, reducing churn and enhancing loyalty. Flytxt’s real-time integrated marketing platform is deployed with leading CSPs across the globe serving more than 500 Million subscribers and has generated around $350 Million incremental revenue for operators till now.

Flytxt Founders
Vinod Vasudevan
Prateek Kapadia

Flytxt Investors
Big Data Investments B.V.
Cliffton Holding
IVC Venture Capital
RM Beteiligungsverwaltung GmbH
Schnell Consult GmbH
Sunrise Capital Partners

Trends on Bigdata
Big data software is expected to grow by 50% by 2019
As per Nasscom the big data industry will grow to $1 billion by the end of this year

Other Bigdata Startups
Fix Stream
Peel works

Tags: Flytxt, Bigdata, startup, business model, revenue model, 


Post a Comment

Twitter Delicious Facebook Digg Stumbleupon Favorites More