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Nandan Nilekani makes personal investment in telecom start-up Mubble

  • Infosys Technologies co-founder Nandan Nilekani has made an undisclosed
    personal investment into Mubble, an app maker that helps track various
    telecom-related spending by consumers.
    • Infosys Technologies co-founder Nandan Nilekani has made an undisclosed
      personal investment into Mubble, an app maker that helps track various
      telecom-related spending by consumers.
    •  
    • Image result for Nandan Nilekani
    •  
    • The investment will be used to scale up the technology team at Mubble, a
      company statement said.
    •  
    •  “His (Nilekani’s)  investment is a very powerful validation of
      our product and reflects Mubble’s commitment to enabling smartphone adopters
      make a fear-free entry into the digital world,” Ashwin Ramaswamy, co-founder
      and CEO of Mubble, said.
    •  
    • The company was founded in 2013 by Ramaswamy (IIT Madras, IIM
      Bangalore), Pranav Jha (IIT Bombay) and Raghvendra Varma (IIT-BHU). The app
      helps smart phone users track and control their telecom spends and mobile data
      usage using analytics.
    •  
    •  
    • “Mubble brings unprecedented transparency and empowerment to the smart phone
      user, by democratizing technology and solving key problems of smart phone
      adopters across India,” said Nilekani, adding that the investment was part of
      his belief in the power of Digital India.
    •  
    • Image result for mubble
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    • “I like to invest in companies that are trying to do new things,
      especially those that are tackling unorganized sectors and trying to make them
      more organized. My investment in Mubble is the first time for me in the mobile
      payments space, and gives me a ringside view of what is happening in the
      sector,” Nilekani added.
    •  
    • Mubble has clocked over 500,000 downloads in around six months, the
      company claimed.

     

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