Cloud communications platform Knowlarity today announced raising USD 20 million in a funding round led by Dubai-based private equity firm Delta Partners.
The Series-C or third strategic round also saw participation from its existing investors Sequoia India and Mayfield, and included a small debt-based investment from Blacksoil and Trifecta Capital, Knowlarity said in a statement here.
Signal Hill, a leading independent M&A and private capital advisory firm, was the financial adviser on this transaction.
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The funds raised would be used to expand into other international markets, make acquisitions and invest in advanced technology products for its customers.
"The latest funding round is a strong indication of our focus on robust unit economics, which has seen us recently achieve EBITDA break-even," Knowlarity Founder and CEO Ambarish Gupta said.
"With the domain expertise they (investors) bring on-board, we will be able to provide more innovative consumer to business communication solutions to businesses around the world," he added.
Knowlarity currently serves more than 15,000 customers across several emerging markets.
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