iBus raises $2.2 Million in Series A round

0
70


iBus Networks & Infrastructure Limited, connectivity solutions provider based in India has raised series A round of funding from Mr. Vallabh Bhanshali of Enam, N Squared Management LLC, USA. and family office of Mr. Jagdish & Sandeep Mehta. The funding amount totals INR 150 Million ($2.25 Million).



With this funding round, Sanjay Kapoor, former chairman – Micromax joins the board as the non-executive chairman of the company as well as Mr. Mohandas Pai, the former board member of Indian Tech Giant, Infosys will join the company as advisory board member.



Ram Sellaratnam, CEO of iBus said, “Today connectivity is a basic utility. When people look at premises, they check water, electricity and connectivity. If connectivity is poor, the location will suffer. Inside buildings connectivity is a multi-dimensional problem. Our patent pending technology platform comprehensively solves voice, data, proximity marketing and machine to machine connectivity problems. That makes us a unique and innovative solution provider.’’