Bangalore-based MobStac raised the $2m in a funding round that saw investment from Accel Partners and Cisco. This Series B round brings the total funding raised for MobStac to £3.1m.
MobStac now has over 5 million unique visitors per month, and it aims to reach 25 million monthly unique visitors within few years. The startup has approximately 25 paying customers currently.
With the latest financing, MobStac will expand its existing cloud platform to build mobile websites for consumer brands looking to sell their products through mobile devices.