BANGALORE: MobME Wireless solution has received angel funding of 16 Crores and that has added a new lease of life to its growth plans. It provides Value Added Service for cell phone users and Carrier Grade Solutions for telecom operators like Bharti Airtel, Vodaphone and Aircel. After it failed to raise 25 Crores approved by National Stock Exchange through Initial Public Offering last year, it was given a period of an year to launch the issue. The corporation plans to go public soon, reports Vivek Singh of Dealcurry Website.

Agnus Capital that invested 3 Million in MobME, a Kerala based startup that was setup in 2006, led the consortium of investors. In addition, there were individual investors like T S Anantharaman who is the Director, Catholic Syrian Bank. He is also the Vice-Chairman of Leo Pharma Group. Together they accounted for 3 Million investments.

CEO of MobME, Sanjay Vijayakumkar said, “We planned to use the funds to pilot our Digital Signature Business. As we have enough capital for the pilot, we will wait till the results are out to gauge the fund requirements for scaling up.”

The corporation has executed several projects in enterprise solutions and mobile governance segments for state governments of Kerala, Nagaland and Goa. It plans to create more apps like the now popular Mobile Passbook for Federal Bank. The app also won awards from Indian Banks Association.

Read More:

'Ucanrentbooks' To Make Renting Books Easy For College Grads

The Entrepreneurial Side Of Bollywood Stars