Vizury Announces $16M Series C led by Intel Capital, Ascent Capital
BANGALORE, India, June 12, 2014-- Bangalore-based digital CRM firm Vizury today announced a $16 million Series C round led by Intel Capital with participation from Ascent Capital and existing investors, Nokia Growth Partners and Inventus Capital Partners. This brings the total funds raised by Vizury to $27 million; Ojas Ventures had participated in the two earlier rounds.
Chetan Kulkarni, co-founder and CEO said: "The funds will be used to drive product innovation on our mobile and cross-channel propositions and to scale operations in existing markets, especially in China, Japan, LATAM, Middle East and Korea. We are also evaluating our options of entering the US market."
Vizury, last year, launched a comprehensive mobile advertising retargeting product, MobiConvert, which includes mobile web and app retargeting on both iOS and Android devices and powerful conversion features like app deep linking and click-to-call.
The entire product suite across mobile and desktop is powered by Vizury's big data platform which processes over 30 terabytes of data daily, including purchase intent data of nearly 500 million users and tens of billion dollars of retail transaction data. Meaningful insights derived from this data is used by Vizury's proprietary bidding and recommendation algorithms to process over 5 billion daily bid requests to precisely target and engage users with highly personalized 1:1 messages.
"Big data analytics is primed for take-off with the ad-tech ecosystem providing a major impetus," said Sudheer Kuppam, Managing Director, Intel Capital APAC Region. "Vizury understands how data and technology are shaping the consumer marketing & advertising industries and is emerging as a leading player in this sector. Increasing internet penetration across APAC only augments this further. The investment led by Intel Capital will help Vizury take advantage of this big data opportunity."
Vizury was among the first multi-national ad-tech companies to enter China in 2009 where it now has strong advertiser relationships and a high caliber local team.
"Our emphasis, right from day one, on staying invested in challenging markets like China and Japan, and offering deep industry-focused solutions to enterprise clients helped us get leadership positions in these markets," Chetan said.
With a 400% CAGR, Vizury is among the fastest growing Asian tech companies. A revenue retention rate upwards of 190% demonstrates the consistent value it delivers to clients.
Raja Kumar, Managing Director, Ascent Capital, added: "Vizury, one of the most promising high-technology product companies to emerge out of India, has all the ingredients to be a global leader in digital CRM."
About Vizury (@vizury1to1)
Vizury helps marketers secure customers-for-life through personalized marketing solutions. Vizury has offices in Bangalore, Beijing, Sydney, Sao Paulo, Singapore, Taiwan, Dubai, Seoul and Tokyo. We work with over 500 clients across industries such as travel, ecommerce, healthcare, automobile, financial services and classifieds.
Vizury was recognized as the sixth fastest growing company in the Deloitte APAC Fast500 2013 and is among the first in Asia to be an FBX qualified partner and a Twitter Retargeting Platform Partner.
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