Bluetooth tech firm Impulsesoft to raise $4 M

By siliconindia staff writer   |   Tuesday, 13 July 2004, 19:30 IST
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BANGALORE: Impulsesoft, a Bangalore-based provider of bluetooth technology solutions, is looking to raise $3-5 million (13.5-22.5 crores) over the next 12 months, Business Today reports quoting Impulsesoft Chairman M. Chandrasekaran. Founded in 2000, Impulsesoft received $1million (4.7 crore at the then exchange rate) as an angel investment from Infosys Technologies co-founder N.S. Raghavan. Impulsesoft reported revenues of $1.42 million (6.39 crores) and net profits of about $25,000 (11 lakhs) for 2003-04.