Twist Mobile raises investments from Matrix Partners
Mobile application developer - Twist Mobile, an Indore based mobile apps company has raised undisclosed amount in series A round from Matrix Partners. Rishi Navani and Vikram Vaidyanathan from Matrix partners would join the board of Twist Mobile. Primarily investments will be utilized in promoting the apps and expanding in International location.
Virat Khutal founded Twist Mobile in 2009 and worked with telecom operators but failed to generate traction, Twist Mobile tasted success in its developed apps on smart phones. Twist Mobile apps are centered towards Nokia app store -Ovi, and Dragger is their most popular apps. The company has reached 73 Mn downloads.
Twist Mobile is planning to set up office in Vietnam with about 30 employees. The company plans to develop apps and content delivery for low end devices like Symbian series 40 and developing city based applications with Local Content for rural India.
Indian mobile app developers are attracting a lot of investor interest.
Recently, Bangalore based United Mobile Apps has raised $1Mn Series A funding from Mumbai Angels. Last year, One97 Mobility Fund invested in Kerala based mobile app developer Dexetra Software Solutions Pvt Ltd.Onward Mobility Solution Private Limited raised Rs.18 Cr series A funding from IndoUS Venture Partners and Qualcomm Ventures.
Matrix Partners had earlier invested in Verse.
-Hitesh, vcBytes.com
