Data analytics company Flytxt today said it has raised Rs 70 crore in funding from DAH Beteiligungs GmbH. Flytxt plans to invest fresh funds in research and development for its software product to further its growth in the telecom Industry and expand to other verticals, it said in a statement. It will also help the company execute its orderbook of more than Rs 500 crore, it claimed.
Flytxt offers enterprise-class customer data analytics product that can ingest, manage and analyse large volumes of moving customer data to derive actionable insights. The product also has built-in applications to leverage these insights for digital customer engagement and digital services.
Flytxt’s clients include over 50 telecom players and other enterprises across 40 countries. “Flytxt started in 2008 with a vision to provide over 10 per cent measurable economic value to enterprises using customer data analytics technology.
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This investment will help us serve our customers more efficiently as well as invest in R&D,” Flytxt CEO Vinod Vasudevan said. Flytxt has headquarters in the Netherlands and has offices in Dubai and India with regional presence in Paris, London, Singapore, Nairobi and Mexico City.