IMImobile raises $10 million from Pequot Ventures
Category: News | No Comments | Posted on July 11, 2006
Hyderabad based mobile VAS technology provider IMImobile has raised $10 million from Pequot Ventures, a US venture capital investor in high growth businesses.
IMImobile has a content management and delivery platform which has been deployed by several operators and portals in India. The company is also moving into content aggregation services for operators.
Among content aggregators, Mauj Telecom and Nazara Technologies have received $10 million and $2 million from WestBridge Capital Partners recently.
A R Vishwanath Reddy, CEO and founder of IMImobile said:
“Voice revenues are falling and the future is data revenues
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