WhatsApp co-founder Brian Acton leads $3.5 million funding round in Gurgaon-based startup

WhatsApp co-founder Brian Acton led a funding round in Gurgaon-based startup, Trak N Tell, which is a car tracking telematics solution company.

The startup raised undisclosed amount of funding, but reportedly, Acton and two other investors have apparently raked in nearly $3.5 million (Rs 23.3 crore) in the startup.

"We are very pleased to have Brian on board, and he's been of tremendous help in terms of strategising, and planning for the company's next stage of growth," Pranshu Gupta, chief executive of Trak N Tell, told ET.

Trak N Tell was founded in 2007 and provides solutions on predictive engine failure, preventive maintenance notification and fuel monitoring system, etc.

Gupta told ET that the startup will use the funds to enhance its presence across India.

"We also plan to utilise a portion of the funding round towards scaling up our R&D, as well as for marketing. We are targeting to be in 500-1,000 stores by the end of the current calendar year," Gupta said.

"Pranshu has extremely interesting plans for the Indian automotive market and I am very excited to help him scale his business further as an investor," Acton told ET in an email.

(Image: Thinkstock)
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