wordpress blog stats
Connect with us

Hi, what are you looking for?

OneAssist Raises $3.5M From Sequoia Capital & Light Speed Venture Partners

Sequoia Capital and Light Speed Venture Partners have invested $3.5 million in OneAssist Consumer Solutions, a start-up that offers personalised mobile & financial security and management solutions, under product names WalletAssist, MobileAssist, EverydayAssist and TripAssist. The news of the funding has been reported by Mint. We repeatedly contacted both Mohit Bhatnagar of Sequoia Capital and Dev Khare of LightSpeed Venture Partners last week, to confirm this development, but no response was forthcoming.

OneAssist was founded by Gagan Maini and Subrat Pani in 2011. While WalletAssist, TripAssist and EverydayAssist are subscription based services that offer fraud cover against credit/bank cards, replacement for identification documents in case of theft, emergency travel tickets, cash assistance, and other benefits, MobileAssist offers SIM and Phone blocking, automated back-ups of contacts, SMS, photos and videos, remote wipe, emergency messaging to friends and family, along with security features like firewall and anti-virus. All services also bundle 1 GB of free online storage space. All services come with different plans varying with the number of features.

The MobileAssist service is available under the Power plan for Rs 999 per year or the Privilege Plan for Rs 1,499 per year.

While a lot of these security features can be deployed through the use of a mix of free and paid software tools, and there are various online and offline services available, including the ones offered by handset makers and banks, features like lost SIM misuse and a temporary replacement handset make the service a useful proposition. However, since the service is subscription based, we’re not sure how many would pay an annual fee just to secure their mobile phones or wallets.

 

Advertisement. Scroll to continue reading.
Written By

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

Views

News

The US and other countries' retreat from a laissez-faire approach to regulating markets presents India with a rare opportunity.

News

When news that Walmart would soon accept cryptocurrency turned out to be fake, it also became a teachable moment.

News

The DSCI's guidelines are patient-centric and act as a data privacy roadmap for healthcare service providers.

News

In this excerpt from the book, the authors focus on personal data and autocracies. One in particular – Russia.  Autocracies always prioritize information control...

News

By Jai Vipra, Senior Resident Fellow at Vidhi Centre for Legal Policy The use of new technology, including facial recognition technology (FRT) by police...

You May Also Like

Advert

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...

News

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...

News

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...

News

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...

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
Name:*
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