Just over a decade after it started out as Solutions Infini, SMS promotion services provider Kaleyra is close to a listing on the New York Stock Exchange (NYSE), with a target to raise up to $192 million.
In 2008, Aniketh Jain and Ashish Agarwal put ₹8 lakh into their startup Solutions Infini, which helped offline sellers and businesses to keep in touch with customers via SMS advertisements and promotions. The two opened their first office in Bengaluru’s startup hub of Koramangala.
The company, since rebranded as Kaleyra S.p.A., is now headquartered in Milan, with offices in Bengaluru and Washington DC.
In June 2018, the company merged with Italian-based cloud messaging platform Ubiquity, which was looking for an investment in India.
Jain and Agarwal met Ubiquity’s founders for the first time in Barcelona in 2016, during the Mobile World Congress (MWC).
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Article source: https://www.dealstreetasia.com/stories/mobile-messaging-kaleyra-nyse-141977/
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