Ahead of its Intel Capital-backed flotation, India-based mobile services group One97 launches $100m corporate venturing fund.
India-based One97 Communications, which provides services for mobile phones, has started a $100m corporate venturing fund, just ahead of peer OnMobile.
One97 is preparing its own flotation later this year after investment from Intel Capital, the world’s most influential technology corporate venturing division, and Hong Kong-based venture capital firm SAIF Partners.
SAIF will also manage the One97 Mobility Fund alongside the services provider to invest between $500,000 and $5m in seed to growth-stage companies focused on the Indian mobile equipment…
