iBus Networks & Infrastructure private Limited, leading provider of connectivity solutions inside buildings; raises Series ‘A’ growth capital of Rs 150 Million from Vallabh Bhanshali of Enam, N Squared Management LLC, USA & family office of Mr. Jagdish & Sandeep Mehta
iBus has also announced the appointment of Sanjay Kapoor, former Micromax chairman, as the Non Executive Chairman of the company and Mohandas Pai, ex-Infosys board member and will be an advisory board member. Mr. Kapoor will steer and provide strategic direction to the company and Mohandas Pai will mentor and advise the team both Mr.Kapoor & Mr.Pai are early investors in iBus.
[From left Mr. Sunil Menon, Mr. Ram Sellaratnam and Mr. Subash Vasudevan]
The funding will be used to drive deployment of iBus solutions across the country and multiple segments to deliver connectivity inside buildings
Reflecting on the infusion of growth capital, Ram Sellaratnam, CEO, iBus said
Today connectivity is 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.
Cipher-Plexus has been an exclusive Investment Banker to the transaction as well as one of the Investors. Kunal Kumthekar, Founder & Managing Director of Cipher-Plexus said – We are extremely happy to be associated with iBus team and will keep on adding value as we have been doing so far.
About iBus Networks & Infrastructure Pvt Ltd
iBus Networks & Infrastructure Pvt Ltd was founded in 2012 by technology professionals with proven executive experience from Airtel & Infosys. iBus is a leading provider of connectivity solutions inside buildings. It not only provides for ‘Talk solutions’ but data, proximity marketing as well as building IOT- Internet of Things solutions using proprietary technologies.
IBus endeavours to work closely with all eco-system players including Service providers, device players, content & storage partners etc. to enhance in building data experience of consumers. All major telecom provider are partnet and all major malls, hotels, commercial premises, hospitals etc. are clients for iBus. iBus is promoted & led by Mr. Ram Sellaratnam, Mr. Subash Vasudevan and Mr. Sunil Menon who bring many years of operating experience from companies like Infosys, Airtel, Essar etc. For more information, please visit iBus Networks