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Voice search firm Ubona gets funding from Capital18

Ubona Technologies, a Bangalore-based startup that allows users in the city to speak the name of a restaurant over the phone and get connected directly to that restaurant, has received an undisclosed Series A round of investment from the Network18 Group’s venture capital and private equity arm, Capital18.

Ubona Technologies, a Bangalore-based startup that allows users in the city to speak the name of a restaurant over the phone and get connected directly to that restaurant, has received an undisclosed Series A round of investment from the Network18 Group’s venture capital and private equity arm, Capital18.

According to Ubona, the investment by Capital18 will be used to scale up its team and rapidly deploy solutions to a variety of customers. Ubona plans to extend its service to cover domains like entertainment, automotive, shopping, health and beauty.

The company aims to create a new medium that will be able to understand what people say and trigger appropriate actions to service what has been said. Ubona’s vision is to make the contact simple and help build the association between consumers and businesses in the real world.

“We are extremely excited about this relationship with Capital18. The experience and expertise of our partner backed by the resources of Network18 will definitely help us achieve our vision of rapidly scaling up this new interactive medium,” Jyotirmoy Chakravorty, co-founder and CEO, Ubona, has said.

Sarbvir Singh, managing director, Capital18, has added, “For over 300 million Indians with access to a phone, simple voice calls are the easiest medium to communicate. We believe that Ubona has the right technology and capabilities to be the leader in helping businesses connect better with their consumers and serve their vast audience.” [Source: India Infoline]

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