The Smart Techie was renamed Siliconindia India Edition starting Feb 2012 to continue the nearly two decade track record of excellence of our US edition.

March - 2011 - issue > Venture Beat

ValueFirst Raise Rs 70 Crore Funding

ST Team
Tuesday, March 1, 2011
ST Team
ValueFirst Messaging has raised a round of Rs 70 crore funding from a wholly owned subsidiary of The Headland Asian Ventures Fund 3 (HAV3), a fund advised by Headland Capital Partners (formerly HSBC Private Equity (Asia) with participation from existing investor New Enterprise Associates (NEA). ValueFirst is a leading Enterprise Communication Solutions Provider m-powering thousands of diverse enterprise use cases for various segments across industries and is currently one the world’s leading messaging companies.

With this round of funding and internal accruals the company will now have in excess of Rs 100 crore to fund its inorganic expansion plans. The funds will be utilised to fuel exponential growth through acquisitions in India and overseas to offer a device & platform agnostic approach to its clients through enhanced offerings in SMS, Voice, USSD, WAP, Media and Apps.

Over the last two years the ValueFirst group has diversified into digital media, mobile applications and M-commerce. It plans to continue growing aggressively and is aiming an IPO in the next 18-24 months.
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