Business, Investments

RapidValue closes Series A round of USD 4.20 million

According to an Economic Times report, Enterprise Mobility company, has raised USD 4.20 million in Series A round. The investment was led by Helion venture partners.

California based RapidValue, is currently having operations in Cochin, Bangalore and California. It aims to utilize the raised funds for expanding its business operations in US and Europe.

The company was launched in 2008 by co-founders Sirish Kosaraju, Rinish KN and Rajesh PadinjareMadam. It offers a variety of services in Mobility-mobile strategy, Mobile engineering and Mobility integration. The company supports many sectors including Education, Pharma, Retail, Logistics, Media, Entertainment and financial institutions. Also, it provide solutions across multiple device platform like windows mobile, Blackberry, iOS and Android.

The company plans to increase its worth to about USD 32 billion by 2018. At present, its solutions are used by 1000 organizations and multinational companies. It has also launched ‘eQuipme’, a mobile service suite that connects field service technicians from any device.

Since the beginning of this year, Helion Venture Partners has disclosed investment in around 8 deals with a total of USD 49.5 million. Out of this, last month only it invested USD 18 million in online real estate portal,

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