Exotel looks to expand Cloud telephony product portfolio with funding from A91 partners
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Cloud telephony company Exotel has raised INR 40 Cr ($5.4 Mn) funding from A91 Partners in a mix of primary and secondary share sale, leading to exit of early stage investors and employees from the company. Of the raised funding, around INR 1.5 Cr ($203K) is being earmarked towards the buyback of employee stock ownership plan (ESOP), which will be the first such exercise in the nine-year history of the company.