wordpress blog stats
Connect with us

Hi, what are you looking for?

ValueFirst Acquires Escorts Group’s VAS Firm CellNext; Brands, IPO


Mobile data and SMS services company Valuefirst has acquired Delhi-based Cellnext Solutions, a subsidiary of the Escorts Group for an unnamed sum. Equirus Capital was the advisor for the deal.

Cellnext was established in 2000 as part of Escorts Group owned telco Escotel Mobile Communications; Escotel was divested and sold to Idea Cellular in 2004 when the group decided to focus on its engineering businesses and disposed of all non-core businesses. Cellnext has clients including Tata Sky, LIC,  Citi Financial, American Express, ICICI Bank,  as well as operators such as BSNL, Airtel, Idea, Vodafone, MTNL, Reliance, Spice, BPL. It offers an m-commerce platform called cellPAY.

Escorts group apparently put Cellnext on the block last year, but no sale took place because of the prevailing market conditions and low valuations. There were rumours over the last two months that Mobile VAS companies were in talks with Cellnext, according to sources.

Separate Brand Identities: Why?

Valuefirst plans to maintain Cellnext as a separate entity and the brands will not be merged. This is usually done when the buyer does not want to alienate valuable clients of the other company, or because the brands are almost equally powerful. However, in this case the enterprise customer base for the two firms overlap, so will this move to retain separate brands really help in the long term?

Advertisement. Scroll to continue reading.

Cellnext’s focus has been primarily B2B, with products such as cellPUSH, Cellexpress shortcode platform, cellDIAL, MMS platform cellPAPER, cellTRUST and Cellmonitor. It also has a m-payment platform cellPAY and pre-paid voucher system cellMONEY.

Valuefirst offers SMS services for enterprises, a direct-to-consumer push SMS service called Alertrix and the shortcode 56070 (Cellnext owns the shortcode 56677). Will it now shift its product focus entirely to B2C?

IPO Plans

The acquisition of CellNext is a precursor to Valuefirst’s IPO plans; it will leverage the brand cultivated by Cellnext to enhance its offerings and target higher growth. In turn, it will leverage its own sales structure to build upon Cellnext’s domain knowledge and vertical specific product offerings.

Valuefirst is backed by VC firm New Enterprise Associates, which invested $6 million in the firm’s series-B round in February. Its first funding round saw an infusion of $0.25 million from Emergic Ventures by Netcore MD Rajesh Jain.


Advertisement. Scroll to continue reading.

ValueFirst Enters Direct To Consumer Business Via SpotOn Media; What Of MocoLife Keywords?

ValueFirst To Raise $5-8 Million Says CEO Vishwadeep Bajaj; Apurva Kumar Joins From Naukri As COO

Push SMS Overload: Alertrix, Ibibo’s SMS+

Written By


MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.



Do we have an enabling system for the National Data Governance Framework Policy (NDGFP) aiming to create a repository of non-personal data?


A viewpoint on why the regulation of cryptocurrencies and crypto exchnages under 2019's E-Commerce Rules puts it in a 'grey area'


India's IT Rules mandate a GAC to address user 'grievances' , but is re-instatement of content removed by a platform a power it should...


There is a need for reconceptualizing personal, non-personal data and the concept of privacy itself for regulators to effectively protect data


Existing consumer protection regulations are not sufficient to cover the extent of protection that a crypto-investor would require.

You May Also Like


Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...


135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...


Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...


By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Your email address:*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ