TCIF invests $5 million in Alef Mobitech Solutions

TCIF invests $5 million in Alef Mobitech Solutions

Tata Capital Innovations Fund (TCIF), a private equity fund managed by Tata Capital, has invested around $5 million in Alef Mobitech Solutions, a fully owned subsidiary of Alef Mobitech, a next generation mobile internet enhancement pioneer.

The investment by TCIF will help Alef Mobitech Solutions strengthen its business development, marketing and R&D initiatives to establish a leadership position in the mobile internet space, TCIF said.

Headquartered in USA with offices in New Jersey, Mumbai and Pune, Alef Mobitech has pioneered a mobility-cloud interconnect platform and solution suite which enhances user engagement by increasing relevance and responsiveness of mobile internet applications.