Ushodaya Enterprises Expands Portfolio with FlexiCloud Internet Investment

(Anooja Bashir (CEO & Co-Founder), Vinod Chacko (Founder), Binu Mathew (CFO) along with the team)
(Anooja Bashir (CEO & Co-Founder), Vinod Chacko (Founder), Binu Mathew (CFO) along with the team)

Kochi, April 25, 2024 – Ushodaya Enterprises Private Limited, a distinguished entity within the Ramoji Group, has officially declared a strategic investment in FlexiCloud Internet Private Limited, a leading provider of managed cloud hosting solutions based in Kochi. This strategic move signals Ushodaya Enterprises’ calculated expansion into the Kerala market.

FlexiCloud Internet Private Limited specializes in delivering advanced managed cloud hosting solutions, prioritizing high performance, robust security, and exceptional customer support. The company is committed to simplifying complex technology challenges for its clients, ensuring seamless and efficient digital operations.

Established in 2017 by Vinod Chacko, and later joined by co-founder Anooja Bashir in 2020, FlexiCloud has garnered attention for its powerful platform tailored for high-traffic websites, application hosting, and e-commerce businesses. The investment from Ushodaya Enterprises will empower FlexiCloud to strengthen its technological foundation, expand its research and development endeavors, and broaden its market presence. This financial backing is poised to significantly elevate FlexiCloud’s infrastructure and customer service capabilities, promising an enhanced hosting experience for all its clients.

FlexiCloud consolidates various cloud services under one roof, offering customized server options, strategic deployment locations, and extensive application management.

“Our platform is designed to meet the fundamental needs of startups and SMEs, delivering reliable, secure, and scalable cloud solutions,” stated Anooja Bashir, CEO of FlexiCloud.

Karthik Vidyasagar, Chief Investment Adviser at Ushodaya Enterprises, expressed enthusiasm about the new investment and said: “We are excited to venture into Kerala with this strategic investment. FlexiCloud’s commitment to innovation and customer-centric solutions perfectly aligns with our ethos. We anticipate substantial enhancements in our service capabilities through this collaboration.”

With this investment, FlexiCloud aims to broaden its Platform as a Service (PaaS) offerings in the cloud hosting sector, particularly focusing on integrating artificial intelligence and machine learning technologies.

“This investment will significantly bolster our technological resources, enabling us to offer cutting-edge solutions that are both innovative and scalable,” noted Binu Mathew, CFO of FlexiCloud.

FlexiCloud has received several awards for its innovative solutions, including the Kerala Startup Mission’s Scale-up Grant, and prestigious accolades such as the Times Business Award for Most Promising Technology Startup, the National Fame Award, and the India MSME Award. Serving over 2200 paid subscribers across 13 countries, ranging from individual entrepreneurs to large multinational corporations.

Ushodaya Enterprises Private Limited, a part of the diverse Ramoji Group portfolio encompassing media, hospitality, and food & beverages, underscores its commitment to embracing cutting-edge technologies and nurturing entrepreneurial ecosystems with this strategic investment in cloud computing.

Anooja Bashir, the Co-Founder of FlexiCloud, embodies resilience and determination. Emerging from the setbacks of two previous startup failures, she has steered her venture to success with unwavering perseverance. Commencing her entrepreneurial journey in 2013 following a corporate tenure, Anooja has mentored over 30+ incubators, providing expertise in strategic marketing and business strategy. She is also a social entrepreneur through her NGO initiative NEED, which supports women, LGBTQ, and differently-abled individuals in entrepreneurship and career development.