Nagesh Chella founded Ecrio bags $3 M from Diamond Capital
By siliconindia staff writer   |   Tuesday, 02 August 2005, 19:30 IST
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CUPERTINO, CA: Ecrio Inc., a global provider of advanced software for mobile phones today announced that Diamond Capital Company Ltd., the venture capital arm of Mitsubishi Tokyo Financial Group Inc., has invested $3M in its new strategic investment round. They join current investors Nexit Ventures, Cypress Ventures/CIR Ventures and CDB Webtech. "We are very excited that Diamond chose to participate in this round," said Nagesh Challa, CEO of Ecrio. "They have a long history of investing in successful mobile software companies and we believe they will be of tremendous strategic value for the company both in Japan and globally. This strategic round of funding will help us expand our sales, marketing and development capability to meet our customer demands." Along with Chella, Rao Gobburu is one of the founders of the company.

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