Vopium gets capital injection of USD 16.5m

We are excited and proud to announce that Vopium has received an investment of USD 16.5 million from international telecommunications investor Raghuvinder Kataria, securing our economic foundation and allowing us to accelerate our international expansion.

Raghuvinder Kataria is a well-known and respected face in the telecom industry and was one of the early investors in Bharti Airtel, today one of the world’s largest mobile companies.

Having spent the last two years optimizing our product, platform and marketing, we believe the timing is perfect. Both we and the market are now ready for significant growth. We have already seen tremendous growth on iPhone during the last couple of months where we now have 4,000 downloads a day. We have reached 250,000 users across 49 countries, and our customer intake is growing by 30% a month. We now have the means to boost this growth even further across the different supported platforms incl. Android, Nokia, Blackberry, Windows Mobile and PC/web.

The Mobile VoIP market is about to take off and we believe Vopium is optimally positioned with the best mobile VoIP solution available in the market. Now we also have the financial backing to lead the growth in the this space.

Read the press release here

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