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Adepto Solutions raises $300,000 as first round from Blume Ventures, Rajiv Dadlani Group

Mumbai-based
social media application development company Adepto Solutions has raised $300,000
in its first round of funding from Blume Ventures and a group of angel
investors from the Rajiv Dadlani Group. The
deal was closed last week and Karthik Reddy from Blume Ventures and Rajiv
Dadlani have joined Adepto Solutions’ Board. According to the company, the
funds raised will be used for expansion, product development and hiring. Adepto is also working on products for
travel, media and entertainment verticals.

Mumbai-based
social media application development company Adepto Solutions has raised $300,000
in its first round of funding from Blume Ventures and a group of angel
investors from the Rajiv Dadlani Group. The
deal was closed last week and Karthik Reddy from Blume Ventures and Rajiv
Dadlani have joined Adepto Solutions’ Board. According to the company, the
funds raised will be used for expansion, product development and hiring. Adepto is also working on products for
travel, media and entertainment verticals.

“We will use
these funds primarily for hiring key personnel and for business development. We
are working on a product for the Travel vertical which we hope to release this
year. The focus is also on expanding the business footprint of Trol.ly by
adding more people to the product team and taking Trol.ly to the relevant
markets,” Kiran Kumar, CEO and Co-Founder, Adepto Solutions has told
AlooTechie.

Founded by
Kiran Kumar and Prem Pillai, Adepto operates Trol.ly which
works as a social commerce solution to the online retailers, helping them
improve sales via social networks. In February 2011, Alok Kejriwal,
Co-Founder & CEO, Games2win India, joined Adepto
as a strategic advisor.

“In Trol.ly,
we believe we have the perfect Social Commerce product for the SME online
retailers. We are showcasing Trol.ly with this message in the largest eCommerce
event in the world. The event is the Internet Retailer Conference &
Exhibition and it is being held in San Diego from June 14 to June 17, 2011. One
of our major markets is the US, and we want to make an impact here,” added Kumar.

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