Kaleyra's CPaaS Solutions Supported India's Rapidly Expanding Unicorn Startup Ecosystem in 2021

Rhea-AI Summary

Kaleyra, Inc. (NYSE: KLR) has been instrumental in supporting India's burgeoning startup ecosystem in 2021, providing CPaaS solutions to 18 of the 42 newly minted unicorns, including Mobile Premier League and Vedantu. With over 75 unicorns and a startup valuation exceeding $260 billion, India has become a global leader in innovation. Kaleyra aims to leverage its robust customer base of 3,800+ companies and extensive API connectivity to capitalize on this growth. The increasing number of investors and incubators, which grew seven-fold from 2015 to 2021, signals further opportunities for Kaleyra's expansion.

Positive

• Kaleyra is a service provider for 18 of the 42 new unicorns in India, positioning itself favorably in a growing market.
• The Indian startup ecosystem achieved a valuation exceeding $260 billion, indicating robust market potential for Kaleyra.
• Kaleyra's existing customer base includes over 3,800 global companies, indicating a strong market presence.

Negative

• None.

NEW YORK and VIENNA, Va., Jan. 5, 2022 /PRNewswire/ -- Kaleyra, Inc. (NYSE: KLR) (NYSE American: KLR WS) ("Kaleyra" or the "Company"), a rapidly growing cloud communications software provider delivering a secure system of application programming interfaces (APIs) and connectivity solutions in the API/Communications Platform as a Service (CPaaS) market, supported India's blossoming startup ecosystem in 2021 by providing their CPaaS solutions to Indian companies.

As explained by India's National Investment Promotion and Facilitation Agency, also known as "Invest India," the amount of Indian investors, incubators, and funding has grown at least seven-fold between 2015 and 2021. As a result of this country-wide investment, the number of "unicorn startups," or startup companies that have amassed a valuation of more than $1 billion, has boomed as well. At end of 2021, India ranked third globally in total "unicorns" with over 75, including 42 unicorns that had gained their status in 2021. This equates to a total startup valuation in India of over $260 billion. ^[1]

Kaleyra is well positioned to continue supporting this expansion moving forward. Having only recently established their presence in India, Kaleyra is already a service provider for 18 of the 42 new unicorns, including Mobile Premier League (MPL), Vedantu, Licious, Pharmeasy, ShareChat, Cure.Fit, Grofers, BlackBuck, and The Good Glamm Group.  

"India's innovative entrepreneurship efforts are in the midst of rapid growth across sectors," said Kaleyra EVP and Chief Business Officer Mauro Carobene. "With a relatively young population of approximately 1.3 billion people, India continues to offer a robust customer base to technology organizations and innovative businesses from a wide range of industries, including healthcare technology, financial technology, personal care, gaming, e-commerce, and logistics."

"Long before they had reached unicorn status, several startups in India had begun building strong relationships with Kaleyra," said Kaleyra Chief Executive Officer Dario Calogero. "Our support helped these companies offer great experiences to their customers and grow their user base, which are both important aspects of sustained success. Ours is a volume-based business, and it is encouraging to be trusted by so many fast-scaling companies that are set to become the tech leaders of tomorrow."

^[1] https://www.investindia.gov.in/indian-unicorn-landscape 

About Kaleyra
Kaleyra, Inc. (NYSE: KLR) (NYSE American: KLR WS) is a global group providing mobile communication services to financial institutions, e-commerce players, OTTs, software companies, logistic enablers, healthcare providers, retailers, and other large organizations worldwide.

Kaleyra today has a customer base of 3800+ companies spread around the world. Through its proprietary platform and robust APIs, Kaleyra manages multi-channel integrated communication services, consisting of messaging, rich messaging and instant messaging, video, push notifications, e-mail, voice services, and chatbots.

Kaleyra's technology makes it possible to safely and securely manage billions of messages monthly with over 1600 operator connections in 190+ countries, including all tier-1 US carriers.

Investor Contact:
Tom Colton or Matt Glover
Gateway Investor Relations
949-574-3860
KLR@gatewayir.com

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SOURCE Kaleyra

FAQ

How has Kaleyra (KLR) supported India's startup ecosystem?

Kaleyra has provided CPaaS solutions to 18 of India's 42 new unicorns in 2021, aiding their growth and customer engagement.

What is the current status of unicorns in India for 2021?

As of 2021, India has over 75 unicorns, with 42 achieving this status in 2021 alone.

What is the valuation of India's startup ecosystem?

India's startup ecosystem is valued at over $260 billion as of 2021.

How many companies does Kaleyra currently serve?

Kaleyra serves a customer base of over 3,800 companies globally.