Funding Alert
- ByHome story | April 27, 2024
Ushodaya Enterprises Private Limited, part of the renowned Ramoji Group, has announced a strategic investment in FlexiCloud Internet. This funding aims to help the Kerala-based managed cloud hosting provider enhance its technology and expand its market presence.
Founded in 2017 by Vinod Chacko and Anooja Bashir, FlexiCloud Internet specializes in offering managed cloud hosting solutions tailored to high-traffic websites, application hosting and e-commerce platforms. The company’s service offerings are designed to ensure high performance, top-notch security, and committed customer support. With this capital injection, FlexiCloud plans to strengthen its technological infrastructure, boost research and development, and improve its market penetration efforts.
“We are delighted to partner with Ushodaya Enterprises as we continue to expand our operations and innovate our offerings,” said Vinod Chacko, Co-Founder of FlexiCloud. “This strategic financing not only allows us to meet the growing demands of our global customer base, but also reinforces our commitment to providing secure and reliable cloud solutions.”
FlexiCloud has already made a mark in the cloud hosting industry, receiving numerous accolades such as the Kerala Startup Mission Extension Grant and prestigious awards including the Times Business Award for Most Promising Tech Startup, the National Fame Award and the India MSME Award. With over 2,200 paid subscribers in 13 countries, its client list includes individual entrepreneurs and large multinational corporations.
