Indian Angel Network (IAN), the country’s oldest and largest angel network, has invested an undisclosed amount in London-based VoIP services startup Aznog, the early-stage business angel group announced on Thursday.
The funding raised will be used towards scaling the startup’s infrastructure, as it looks to service more users around the globe, according to a press statement released by IAN.
The round saw the participation from IAN investor members Alok Agarwal, Harsh Hada and Vishal Khare. With the deal, Alok and Harsh will also join the board of Aznog.
Founded in 2012 by Amogh Meshram and Dragos Dinu, Aznog, which was originally based in Nagpur, but relocated to London in July earlier this year. Aznog run by Aznog Technologies Ltd, allows users to make free unlimited calls to mobile/land-line numbers worldwide without buying credits. The user experience is simple and similar to making a normal call: open the app, select the contact one wants to call from its contacts list, and press the call button. The user can also dial phone numbers directly if needed.
“The journey with IAN has been extremely rewarding Straight from the first call with Mr. Hada till today, we’ve received great support from our Leads and IAN. We’re very proud in having 3 leads from 3 different backgrounds. They are always ready to roll their sleeves in helping us with any and every aspect of the business we need their support on,” said Amogh Meshram, founder and chief executive of Aznog.
IAN, which has over 350 investor members, spread across 10 countries, is also the world’s first angel investor group to establish operations outside of its home country. Over the last three years, IAN has invested in 64 companies with a total outlay of $38 million. Aznog is the third UK-based startup that IAN has invested in since its entry into the British entrepreneurial ecosystem last year.
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