MobME raises $ 3 Million from Angel Investors

CoolAvenues Newswire | January 21,2014 04:22 pm IST

MobME, established in 2006 by Mr. Vijay Kumar, Sony Joy and Vivek Steve Francis provides value added services for mobile phone users, has raised $ 3 million from undisclosed investors.

The company had received approval from National Stock exchange to raise Rs. 25 crores through IPO but has instead raised angel funding. The investors include TS Anantharaman, director of Catholic Syrian Bank and vice chairman of Leo Pharma Group and a few businessmen from Kerala and NRIs.


MobME apart from providing services to end-users over wireless devices is a leading M-Governance solutions player in Kerala and is recognised by World bank as one of the best practices globally. MobME is also the first telecom value-added services company to have a full-fledged R&D facility certified by the Department of Scientific and Industrial Research, Govt of India.
 

MobME’s key partners and clientele include Vodafone, Airtel, Aircel, Idea, Tata Indicom, BSNL, MTNL, NDTV, Network18 and Café Coffee Day. The company also works with the state governments of Kerala, Goa and Nagaland, as well as central government departments such as Department of Science and Technology. 

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