29 Aug '12, 4am

Mobile development company Hoiio aims to raise US$3M in funding via @e27sg

Mobile development company Hoiio aims to raise US$3M in funding via @e27sg

Hoiio is a Singapore-headquartered mobile communications solutions startup which aims to raise US$3 million as part of first major round of funding that will be used to tap into other markets, including India. Previously, the company managed to raise US$2.4 million through multiple angel rounds. Hoiio was founded by Ong Junda and Ong Kok Choong in 2007. The company has developed various product offerings for users such as Hoiio Chat, Hoiio Phone, Hoiio Live, Hoiio Conference and Hoiio Business. The Hoiio Live service was launched in April this year with the company eyeing the US market . In August this year, Hoiio launched the first version of its mainline, fax and conference apps. Thereafter, it has been selling like hot cakes with more than 100 paying users within two weeks. As a result, the company plans to target 10,000 subscriptions of its apps with an average monthly...

Full article: http://e27.sg/2012/08/29/mobile-development-company-hoiio...

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