Deltecs Raises First Round of Funding from Kutchi Angel Network

FOR IMMEDIATE RELEASE
Mumbai, Maharashtra, India, Republic of (Free-Press-Release.com) November 28, 2011 -- Deltecs' flagship product DRONA which was started as a mobile learning & communication platform, aims to expand to newer domains like Mobile Marketing Automation, Sales & Channel enablement. The funding will be used by Deltecs for ramping up the team, expanding the product offering and building marketing, sales & customer support infrastructure. DRONA has started giving out its exclusive-beta invites for new version. Sign up for the beta invite at Drona

The company is founded by former Wipro engineers Divyesh Kharade, Jinen Dedhia and Akash Shah. Started as tech-garage-startup, boot strapped with initial services projects to fund the development of the product DRONA. "This funding not only validates our unique methodology and positions us to expand into new verticals, it also allows us to continue helping business to effectively engage their audience on mobile platform." said Divyesh Kharade, co-founder and CEO at Deltecs InfoTech.

Award wining product DRONA provides mobile learning to executives on smartphones. These can also be used as corporate video channels for training purpose or internal communications. Some of Deltecs clients include Airtel, UltraTech Cement, State Bank of India, Wipro, Fullerton and Indian Railways, among others.

The company has recently launched BizPunditz that provides digital library of best practices from India's finest leaders through a video clip spanning 3-6 minutes. It is a joint venture between Deltecs and Anita Bhogle. Anita, communication consultant and the author of the best-seller "The Winning Way", runs a consulting firm Prosearch.

About KAN:

The Kutchi Angel Network (KAN) is promoted by business houses like Anchor Group, Navneet Group and Gala Group, will support entrepreneurs from Kutch district of Gujarat state. KAN has made its debut deal by investing in Deltecs Infotech, a mobile learning solutions company. It would also close an investment in the manufacturing space soon, said Kirit Gala, managing director of Gala Precision Engineering and one of the promoters of KAN. In 2009, he sold the compressor business of his group to Switzerland-based Hoerbiger. Incidentally, Gala Precision Technology, the compressor unit, was backed by India Value Fund Advisors.

Other promoters of KAN include the Anchor Group, which sold its electrical accessories business to Japanese electrical giant Matsushita Electric Works for Rs 2,000 crore and has interests in FMCG, real estate, writing products and IPL (as an investor in Kochi Tuskers); Navneet Group, whose flagship is the BSE-listed education content provider Navneet Publications (India); promoters of chemical manufacturing firm Aarti Industries and the jewellery firm Antara.

The network will provide mentoring and also take board seats in its investee companies. KAN will look to invest across all sectors except real estate, hotel & restaurants, alcohol, poultry, fisheries, leather manufacturing and tobacco & related products.

For more details visit Deltecs

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