Excitel is a fibre-to-the-home (FTTH) broadband provider that offers high-speed plans (it advertises 400 Mbps for Rs 400/month). Founded in 2015 and based in Mumbai, it currently operates across 29 cities. The company recently raised $11.5M in equity from existing and new Europe-based tech investors. Excitel plans to use the funds to expand to 100 cities, including Delhi, Hyderabad and Bengaluru, by the end of 2022. It aims to grow its user base to 10 million from the current 0.7 million in the same period. The firm will hire across operations and technology to develop its technology stack and enter new markets, while competing with players such as Hathway and ACT.

Total raised

$12M

Funding rounds

1

Latest round

Equity

Latest activity

May 2022