Suresh Narasimha founded Telibrahma raises $2 Million

Bangalore: Suresh Narasimha founded Telibrahma, a Bangalore based Bluetooth marketing solution company has raised $2million from Inventus Capital Partners, a U.S.-India venture firm and technology focused ventures, Ojas Venture Fund, in its second round of funding.

Inventus and Ojas will invest $1million each. In its first round of funding, Telibrahma had received 1.25 crore from Karnataka Information Technology Venture Capital Fund (KITVEN) in 2006, which now holds 11 percent stake in the company.

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Recently, Inventus had announced a $125 million venture fund to target investments in technology-powered companies that addresses high-growth areas in global and local markets.

Telibrahma provides solutions for brands to advertise through its network across shopping malls, retail stores, streets and sports stadia. It has also begun to beam rich media content through billboards and film promotion vans.

The company's three main products are Bluetooth marketing, Mobile search and transaction called Genie and Enterprise mobility products. Earlier, Ojas had made a venture capital investment in mobile technology solution provider Mango Technologies in last August, whereas this is Inventus' first investment.