Triotech gets funding from BlueHill Asset Management
VARINDIA- INDIA'S FRONTLINE IT MAGAZINE Gurgaon-based mCommerce and mobile application/solution company, Triotech Solutions Pvt. Ltd, has received their first round of funding of US$3 million (approximately Rs.19 crore) from Singapore-based venture capital firm, BlueHill Asset Management Pte. Ltd. This fund will be used for expanding the number of Post Offices providing “Mobile Money Transfer Service” across the country through its subsidiary "Maverick Mobile". At present, 15,000 post offices across the country have the facility of Mobile Money Transfer Service, which operates on specially designed Point of Service (PoS) for the Post Office. Triotech Solutions through its subsidiary is engaged with Bharat Sanchar Nigam Limited (BSNL) and Department of Post (DoP) to digitize their Money Remittance Business.. "We are working towards creating multiple use cases on the same platform for ease of the end consumer, which would increase the footprint of t...