Flytxt, a fast growing customer data analytics software company, announced that it has raised Rs. 70 crore (approximately 10 million dollars) in funding from DAH Beteiligungs GmbH, a German company run by billionaire SAP cofounder’s Dietmar Hopp’s family office. The company plans to invest new funds in R&D to continue evolving its software product to further its growth in the Telecom Industry and expand to other verticals. It will also help company to execute its order book of more than Rs. 500 crore. The company is headquartered in Netherlands and has offices in Kerala and Mumbai.

Flytxt offers enterprise-class customer data analytics product that can ingest, manage and analyse large volume of moving customer data to derive actionable insights. The product also has built-in applications to leverage these insights for digital customer engagement and digital services. More than 50 Telcos and other enterprises have deployed this product in over 40 countries. In certain markets, Flytxt and Telco partners also provide brands and agencies with aggregated and anonymised customer insights for executing targeted mobile advertising campaigns. Solutions built using Flytxt’s products and services have generated up to 7 percent of measurable economic value for enterprises.

“Flytxt started in 2008 with a vision to provide over 10 percent measurable economic value to enterprises using customer data analytics technology. Today we have the third generation of our product and more than 100 enterprises, including some of the largest Telecom operators in the world, benefit from it. This investment will help us to serve our customers more efficiently as well as invest in R&D, and grow faster through cloud offerings and channel partnerships,” said Dr Vinod Vasudevan, CEO of Flytxt.

Flytxt provides customer data analytics software products and services to enterprises, helping them to accelerate their digital transformation journey and generate sustained measurable economic value. Digital customer engagement and digital services solutions powered by Flytxt help to drive superior customer experience, increase revenues, optimise margins and enhance customer loyalty.

The company serves over 100 customers including some of the largest Telcos, financial institutions and global brands across 40 countries, analysing data of over 600 million mobile consumers. Flytxt has consistently delivered up to 7 percent economic impact to its customers with its software products, enabling services, best practices and partner ecosystem. The company has headquarters in The Netherlands, offices in Dubai and India with regional presence in Paris, London, Singapore, Nairobi, and Mexico City.