Sloka Telecom to raise $5-6 million through venture capital funds

Telecom Lead India: Sloka Telecom is planning to raise
$5-6 million through venture capital funds.

The Bangalore-based company will utilize VC funds for
expanding sales and marketing team. This will be the second round of funding
for Sloka Telecom which received VC funding of $600,000 from
Karnataka Information Technology Venture Capital Fund (KITVEN) last year.

Sloka Telecom is looking at expanding its resources to 70
from the present 45. Its main resources will be in research and development
division.

Sujai Karampuri, CEO and
co-founder, Sloka Telecom, said the company is planning to scale up
its offerings. Moreover, the company will try to add bigger customers to its
list.

Sloka Telecom will also release of two new product series
offering solutions to telecom companies and ISPs, based on WiFi 11n technology
in the frequency range of 5.1-5.9 GHz for Indian market.

Sloka Telecom claims that ISPs can provide guaranteed
broadband, internet and voice telephony services with low power consumption for
their residential and enterprise customers in India. Sloka’s installation kits
are made easy for ISPs to plan a large scale rollout with minimum ease.

Karampuri is bullish about broadband opportunities in India.
He said Indian telecom players will start investing in broadband significantly
as voice market has achieve more than 70 percent penetration.

He said Sloka solutions offered will enable the country
to meet the target of 175 million broadband connections by the year 2017.

Sloka differentiated its products and solutions using low
cost, low power, compact last mile wireless those are aimed at residential, SME
and enterprise markets.

Sloka Telecom claims that it has invested in creation of
advanced and valuable intellectual property to have a long term advantage in
pricing, performance and convenience in deployments. Sloka’s products and
solutions are field trialed, customer validated, and real-network deployed in
one of the most competitive markets beating world leaders in this space.

Baburajan K
editor@telecomlead.com