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Thursday, April 27, 2017

Flytxt raised $11 million funding

Customer data analytics company Flytxt has raised $11 million (Rs 70 crore) from DAH Beteiligungs GmbH.

The startup said, it will use the new funds to develop its software product, expand to other verticals, and execute its order book of more than Rs 500 crore.

Flytxt offers an enterprise-class customer data analytics product that can ingest, manage and analyse a large volume of moving customer data to derive actionable insights. The product also has built-in applications to leverage these insights for digital customer engagement and digital services.

Also read: Awfis raised Rs 127 crore funding from Sequoia India

Currently more than 50 telecom companies and other enterprises have deployed this product in more than 40 countries.

Dr Vinod Vasudevan, chief executive of Flytxt said, This investment will help us to serve our customers more efficiently as well as invest in R&D, and grow faster through cloud offerings and channel partnerships.

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