Obopay India To Close $10 Million

Entities Mentioned

• Draper Fisher Jurvetson
• Helion Venture Partners
• Sherpalo Ventures
• Qualcomm
• Rajesh Jain
• Redpoint Ventures

1. The Indian arm of Obopay, a mobile payment company, is raising $10 million in funding, of which $5 million is from UK based private equity fund Promethean Investments. Promethean already has investments in Obopay US, which had raised $29 million recently in a third round of funding led by Richmond Global Cellular, Alliance Bernstein LP, Citi, Societe Generale, Qualcomm, Redpoint Ventures, among others.
   
   
   Obopay India is yet to launch commercial services; the company had set up operations earlier this year, and has an office in Mumbai. Others in this space include Paymate ($5 million funding ... (Read Full Article)
   
   

   Related Articles

   • Reliance ADAG In Talks To Buy SeventyMM?
   • also mentions Draper Fisher Jurvetson
   • Big acquisitions by Indian Software companies in near future.
   • also categorized in Acquisition
   • Rajesh Jain's Novatium Funded By NEA
   • also mentions Rajesh Jain
   • Mobile VAS Co Cellebrum Plans For IPO This Fiscal
   • also categorized in Acquisition
   • Reliance Communications plans largest wireless network in the world
   • also categorized in Acquisition

   • TiE - Isb Connect business plan competition
   • also categorized in Acquisition
   • MapMyIndia Launches Personal Navigation Device
   • also mentions Sherpalo Ventures
   • Gridstone Research Logs Series B Funding Of $10 Million From Helion, Others
   • also mentions Helion Venture Partners
   • Zee Provides Digital Content To Singtel
   • also published in contentSutra.com
   • Dealaajtak, another Indian deals site
   • also categorized in Acquisition

Login to comment.