Top News

ValueFirst raises Rs 70 crore funding

ValueFirst Messaging, an enterprise mobility and communication services company, has raised Rs 70 crore funding from a wholly owned subsidiary of Headland Asian Ventures Fund 3 (HAV3), a fund advised by Headland Capital Partners [formerly HSBC Private Equity (Asia)] with participation from existing investor New Enterprise Associates (NEA).

ValueFirst Messaging, an enterprise mobility and communication services company, has raised Rs 70 crore funding from a wholly owned subsidiary of Headland Asian Ventures Fund 3 (HAV3), a fund advised by Headland Capital Partners [formerly HSBC Private Equity (Asia)] with participation from existing investor New Enterprise Associates (NEA).

According to ValueFirst, the funds will be utilised to fuel growth through acquisitions in India and overseas to offer a device and platform agnostic approach to its clients through offerings in SMS, Voice, USSD, WAP, Media and Apps. James Savage, partner, Headland Capital Partners will be joining the board of ValueFirst. Ben Mathias, executive director, NEA India, is already on the ValueFirst board.

With this round of funding and internal accruals ValueFirst Messaging will now have in excess of Rs 100 crore to fund its inorganic expansion plans. Over the last two years ValueFirst has diversified into digital media, mobile applications and m-commerce. The company plans to continue growing aggressively and is aiming an IPO in the next 18-24 months.

Show More

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Close