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One97 And SAIF Launch Mobility Investments In India

Monday, June 28, 2010 5:14:00 AM PDT | VentureDeal Staff

New Delhi, India  --  One97 Communications announced a joint initiative with its investor SAIF Partners to invest in seed and early growth stage mobility companies in India.

The groups intend to invest between $500,000-$5 million per company from a total planned allocation of $100 million.

The groups will and vast and what they call "Mobile Value Added Services" that the good vantage of the large and growing mobile subscriber base.

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