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Vizury raises $16 million venture capital

LiveMint logoLiveMint 12-06-2014 Ashna Ambre

Mumbai: Digital customer relationship management firm Vizury Interactive said it has raised $16 million in the third round of venture capital investments.

The investors were led by Intel Capital and Ascent Capital. Existing investors Nokia Growth Partners and Inventus Capital Partners too participated in the round, which brings the total funds raised by Vizury to $27 million. Ojas Venture Partners had participated in the two previous rounds of fuind raising.

“Vizury understands how data and technology are shaping the consumer marketing and advertising industries. Increasing Internet penetration across Asia-Pacific augments this. The investment will help Vizury take advantage of this big data opportunity,” said Sudheer Kuppam, managing director, Asia-Pacific region, Intel Capital, in a statement.

“The funds will be used to drive product innovation on our mobile and cross-channel propositions and to scale operations in existing markets, especially in China, Japan, Latin America, the middle east and Korea. We are also evaluating our options of entering the US market,” said Chetan Kulkarni, co-founder and chief executive officer, Vizury.

Vizury claims to have a 400% compounded annual growth rate, which would place it among Asia’s fastest growing tech companies.

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