India's leading private

CCube Invests In Mobile Education Company Voicetap

  • To raise a further $7Mn over the next year

SINGAPORE, May 31, 2012:
CCube Angels, a Singapore based angel investors community, has invested in a Noida based Mobile education startup-Voicetap. Although the angels have individually funded various early stage companies, this is C Cube's third formal investment in the last six months. It had recently invested in Simbus Technologies, a Bangalore based IT Solutions Company and MyAdCorner, a Noida based company that provides an online platform for newspaper advertisement booking.

Voicetap is an early leader in the mobile education space in India and its platform caters to live interactive classes as well as voice based interactions and recorded lessons - all over the mobile. The first version of this platform is already live on TataDOCOMO and Airtel in India and their subscribers can access content related to any subject from literature to aeronautics by way of conferences, expert advice & video based content. While the focus till date has been on working directly with telecom operators, Voicetap's solutions will soon be available through retail outlets in India as well as through App stores. Over a 100 different content providers have already signed up with Voicetap - making them arguably the largest content aggregator in the mobile education space in India.

Voicetap was founded in March 2009 by Mr. Mrigank Tripathi, a former strategy consultant with Oliver Wyman in the telecommunications and media sector. Mr. Tripathi felt that mobile technology was not being used to its full potential, and decided to create the business to extend the medium's reach, providing services for 'underserved' or 'inefficiently' served markets.

Atim Kabra, founding partner of private equity firm Frontline Strategy and one of the member angels commented, "Voicetap presented a great opportunity for investment to us. We found in them the mix of a great team with relevant experience, a proven business model now being applied to sectors that are growing rapidly, topped with a clear global vision and a strong execution strategy!"

Mrigank Tripathi, when asked about the future fundraise said, "CCube's investment & networks will help us solidify the platform and build out our business in India. We are doing decent revenues - and are looking to raise a serious round in the next few months to expand into the international markets."

About: CCube currently has more than 100 members, mainly from the Capital Markets and Financial Services sector, with investment experience across various asset classes. CCube strives to provide valuable contacts and reach to small enterprises looking to adopt global business practices and scale beyond their niche geographies. CCube provides scale-up capital of $250,000-$1million to early-stage companies with well-defined business plans.

CONTACTS