DealTracker – ValueFirst Raises $6 Mn From NEA
Posted on February 16th, 2009 by dhirender
ValueFirst Messaging, a Delhi-based mobile messaging services provider, has raised series B funding of $6 million from venture capital firm New Enterprise Associates (NEA) says VCCircle.
In 2006, the company raised its first round of funding of $250,000 from Emergic Ventures of Rajesh Jain.
ValueFirst plans to increase its workforce by double from the current 200, and enhance its presence in 35 cities in India. ValueFirst also has plans for international expansion, especially in East Africa and Middle East.
ValueFirst plans to expand its client base to more than 10,000 customers, and reach revenues of Rs 100 crore in the coming fiscal year.
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