Delhi-NCR based HCIN Networks intends to utilise the investments to enhance its capabilities.
Telecom infrastructure solution provider, HCIN Networks has secured around Rs 12.5 crore (Around $1.5 million) in equity funding, the company said. Investors such as Ankit Mittal, Vijay Khetan executive director of Param Capital, Ageless Capital, MSB E-Trade Securities and other HNI investors supported the company in its funding round. The lead advisor of this transaction was Swastika Investmart Ltd.
HCIN Networks said the fresh capital infusion will be used to enhance its capabilities, further positively impacting the telecom and internet infrastructure sector and facilitating the smooth execution of ongoing projects.
The company has conveys solid and secure broadcast communications administrations, it claimed.
The start-up was founded in 2019 in Delhi-NCR with a corporate office in Bangalore and branch workplaces in Noida, Chennai, and Hyderabad, It is led by Vikas Sharma and Shalini Sharma, veterans in the IT and telecom sector with over 15 years of experience.
Sharma, executive director of HCIN Networks said, “This funding, which will enable us to drive innovation and extend our reach inside the telecom framework space. The victory of this capital raise shows how much HCIN Networks has accomplished and how much further it can go.”
"HCIN has gathered a stellar reputation in the industry and with this new investment the Company is on strong balance to capitalise on its differentiated product and value proposition in the growing industry," said Nyati, managing director of Swastika Investment Ltd.
The company’s portfolio including Airtel, Indus Tower, ABB, Bondada Electrical Limited, Reliance Retail, Hughes Communication, Byju’s, Decathlon, Lenskart, among others. The company has orders in hand for over Rs. 40 crore from different cities.