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Tata Capital commits $5m to Alef Mobitech

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Tata Capital has invested $5 million in Alef Mobitech Solutions, a US-based mobile internet optimization solution developer with offices in India.

Alef Mobitech develops software to improve user experience on mobile platforms by reducing the amount of mobile data used in order to increase relevance and responsiveness of mobile internet applications. It will use the investment from Tata to advance its marketing, R&D, and business development strategies, according to a statement.

Mobile internet optimization has become increasingly important as the proliferation of internet-enabled apps puts pressure on customers' data plans. Alef Mobitech and its global rivals market their products to network operators and app developers.

"We are proud to associate with the Tata Capital Innovations Fund on our journey," said Alef Mobitech co-founder Dr. Ganesh Sundaram. "The fund's leadership, global vision, and focus on innovation will provide us tremendous momentum towards acquiring a leadership position in the mobile internet space."

The Innovation Fund is a 2009-vintage vehicle that focuses on technology-led Indian ventures. Its previous investments include a commitment to hospital treatment optimization software developer Mitra Biotech and a Series A round for data security platform Vaultize, both in 2013.

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