Kerala-based Mobile VAS company MobMe Wireless Solutions is planning to raise capital through an Initial Public Offering (IPO) rather than choosing venture capital funding, reports TechCircle. The report states that MobMe has appointed IDBI Capital Market Services Ltd as its merchant banker and plans to debut on the NSE SME Exchange. It has also appointed Gyan Magnus Associates as IPO advisors and Desai & Diwanji as the lawyers for the issue. That being said, there is still no information on when the company plans to file the issue and how much capital it's looking to raise through this issue. Offerings: Founded in December 2006, MobMe offers various telecom products and services to operators, brands and the government. This includes network solutions for telcos to manage SMSC, USSD, IVR and Outbound Dialler (OBD) services, value added services for telcos and brands and hosted enterprise solutions across SMS, voice and data platforms for Brands, Businesses, Banks and Government Institutions. It also offers a product called ZULO (Zero-User-Latch-On Alerts) which allows telcos to target zero users by sending alerts to them to increase their usage. According to a company presentation, MobMe claims to have deployed ZULO in 32 regions across multiple telcos in two continents. This includes 19 regions operated by Aircel, 10 regions operated by Vodafone and few regions operated by Zantel Africa. Besides this, it also claims to work with several state governments, central departments, nodal agencies, telecom network operators and regulatory bodies in various mobile governance initiatives. Previous Developments: Last month, MobMe had inked agreements with a mobile authentication…
- Practo Partners With Government To Help Develop India’s Health Stack January 31, 2023
- Attend Our Briefing: Impact of Google’s changes to Android and Play Store January 31, 2023
- Why is Andhra government pushing facial recognition attendance on all its workers? January 31, 2023
- Karthik Rai On Developing an Interoperability Framework for India | Meta India Tech Scholars 2021-22 January 31, 2023
- Indian Telecom Watchdog issues consultation paper on regulating converged digital technologies and services January 31, 2023
MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.
India's smartphone operating system BharOS has received much buzz in the media lately, but does it really merit this attention?
After using the Mapples app as his default navigation app for a week, Sarvesh draws a comparison between Google Maps and Mapples
The regulatory ambivalence around an instrument so essential to facilitate data exchange – the CM framework – is disconcerting for several reasons.
The provisions around grievance redressal in the Data Protection Bill "stands to be dangerously sparse and nugatory on various counts."
Please subscribe to MediaNama. Don't share prints and PDFs.
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...
Twitter takes down tweets from MP, MLA, editor criticising handling of pandemic upon government request
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...