One97 announces $100 million fund for mobile VAS startups in India

25 Jun

One97, one of India’s largest mobile Value Added Services (VAS) provider, in association with SAIF Partners, has announced a $100 million fund to support entrepreneurs who aspire to make it big in the mobile VAS arena. The fund will invest in companies (seed or early stage and growth stage) with deal sizes ranging from $500,000 to $5 million.

“OMF supports companies that are focused on serving the Indian markets and leverage mobile as the key delivery medium for customers and enterprises. This includes – device apps, location based services, m-commerce, MMA, video, content aggregation among others.”

If your big idea falls in this space, do check out One97 Mobility Fund here.

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