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Blume Ventures leads seed funding in cloud-based video infrastructure product 1Click.io

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VCCircle_1Click

Bangalore-based Turtle Yogi Technologies Pvt Ltd, the company behind 1Click.io, a cloud-based video infrastructure product for enterprises, has secured a seed round of funding led by Blume Ventures, according to its website.

Other investors who participated in the round include Chennai Angels' member Naru Narayanan, US-based micro venture capital firm Shead Holdings, and Google Singapore executive Rahul Garg.

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The firm will use the capital to build on its B2B sales and expand its product offering. This is the first round of external funding raised by Turtle Yogi.

According a report by The Economic Times, Turtle Yogi received $250,000-350,000 from this round.

Turtle Yogi was founded in June 2012 by Hrishikesh Kulkarni, who holds a BE degree in engineering from Mumbai University. Prior to setting up this venture, he was manager of LifeSize Communications (a division of Logitech). Earlier, he was technical specialist at Alcatel-Lucent. He had also held various roles at Voxpath Networks, Sonus Networks, Aplion Networks and TCS in the past.

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1Click

1click provides a pluggable video infrastructure for browser and mobile platform to embed face-to-face conversations in an enterprise's business workflow. Using this platform, businesses can build recruitment and coaching workflows. It does not need any plug-in or downloads and it is compatible with all the latest HTML5-compliant browsers.

Its features include recording and preserving of conversations and multi-way calling. The pricing starts at $49 and can go up to $599 depending on the number of calls, quality and other factors. The firm's clients include CareerVita, Edu-Next and IIM Bangalore. Turtle Yogi was incubated at NS Raghavan Center for Entrepreneurial Learning (NSRCEL) at IIMB.

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This is Blume Ventures' second investment this month. Earlier, it invested an undisclosed amount in Mumbai-based Homeveda Media Labs, which runs an on-demand instructional video content platform in the natural health and wellness space called Homeveda.com.

(Edited by Joby Puthuparampil Johnson)


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