NetXcell Raises $1 Million From Ike Lee, Ruderman Capital
Tue, 10/09/2007 - 05:35 — Sahad P VHyderabad-based mobile applications service provider NetXcell has raised $1 million in their first round of funding from Ike Lee, a venture partner at Ignition Partners, and Ruderman Capital, according to a release. It plans to raise a total of $3 million to fund its expansion activities.
NetXcell apparently plans to set up an office in Dallas, Texas, where the company's executive chairman Dayakar Puskoor is based. It plans to become a value added services player not only for telecom but also for media companies. NetXcell has signed an MoU with Lifestyle Wireless, US.
