Flytxt secures venture funding of $11 million


Flytxt - Feature - Main Feature 1Flytxt secures $11 million venture funding from Sunrise Capital and Big Data Investments BV. Flytxt is one of the Big Data Analytics solution providers for communication service providers and mobile enterprises across the globe.

Flytxt offers full suite of external and internal monetization solutions for increase in revenue, margins optimization and better customer experience. The company also offers solutions with full service delivery model with a combination, of technology, consulting and execution to deliver guaranteed impact to the businesses. They call it as Customer Experience and Revenue Management Solutions and provide consultancy services.

Flytxt offer multiple applications over NEON and QREDA platforms such as Revenue Enhancer, Customer Engager, Churn Prediction, Loyalty Management, Intent Management, Mobile Advertising, Ad Marketplace, Customer Retention and Insight API’s.

Flytxt - Feature - Main Feature 2The company has deployed its platforms with 50+ customers across the world. The analysis comprises data for 500+ million mobile customers. Well known brands like Nokia, Procter & Gamble, Intel, Oracle Corporation, Airtel, Vodafone, IBM, Banglalink, Samsung, Flipkart, Wipro Corporation, Caterpillar, MTN Networks, Telenor’s Bangladesh venture Grameenphone, Marico, Etisalat and others have taken the services of Flytxt.

Flytxt has received several honors and awards like Stevie International Awards, Frost & Sullivan ICT Awards, Red Herring Asia 100, IEE Cloud Computing Challenge, Aegis Graham Bell Award and NASSCOM Emerge 50 league of 10 companies.

Flytxt - Feature Main - 4The company was founded in 2008 by Vinod Vasudevan, he is at the helm of the of big data company largely funded by private capital investors from Europe. Flytxt has secured funding of $11 million from Sunrise Capital Partners and Big Data Investment BV. As part of the deal Dr. Ms Brigette Mohn and Frits Baron van Dedem will join the board of Directors of Flytxt. Dr Mohn is Executive Board Member of Bertelsmann Stiftung and Supervisory Board Member of Bertelsmann AG. Frits Baron van Dedem is Managing Director of UNION TANK Eckstein GmbH & Co. Both the directors hold several other industry and non profit positions.

Joerg Swoboda, Chairman of Flytxt said “We are delighted to welcome Dr. Brigitte Mohn and Frits Van Dedem on our Board. Their rich business leadership experience will be a significant asset for Flytxt in the next phase of our growth.”  He further added “The Company already has a unique standing in Big Data Analytics market with a sustainable business model, proven technology, impressive customer base and an exceptional team. And the potential is huge.”

Flytxt is headquartered in the Nieuwegien, the Netherlands and has corporate office in Dubai. The company has development center and offices in Thiruvanantapuram, Mumbai, London, Singapore, Lagos, Nairobi, Dhaka and Mexico City.