Tech startup Voicetap in talks with venture capital funds to raise $7 million

BANGALORE: Voicetap, a technology startup focused on mobile-education, is in talks with venture capital funds in the US, Singapore and India to raise $7 million over the next few months.

Of this, an initial round of $1 million has already been invested by CCube Angels, an investment group in Singapore, private equity firm Frontline Strategy and angel investor Umesh Kumar Baveja.

The three-year-old start- has bagged two of the country's largest mobile operators Airtel and Tata Docomo as customers. Voicetap's technology allows students to assess themselves and also access actual educational content and counselling services over the mobile.

"Education is clearly a big game as mobile operators are looking at newer services that can generate revenues, as revenue from traditional value-added services drops" said Mrigank Tripathi the founder of Voicetap.

Tripathi a former telecom consultant spotted the opportunity for mobile based education services when he found that his niece a high-score in her class 12 exams was unable to find the right information on career choices. On Voicetap, students can find the topic of their choice and names of relevant experts on a mobile website. They can choose to then listen to a live, recorded call or a user-generated call around the topic.