Investors are looking at stable and lucrative industries and businesses in the downturn. And it is evident with the recent investments in the telecom industry. Most recently NVP India invested $15mn in OnMobile while mobile ad network Quattro Wireless raised $ 10 million in funding.
NVP India will have a stake of less than 5% in VAS firm OnMobile. We had even reported about OnMobile’s acquisition of France based Telisma, a speech recognition provider.
On the other hand the third round of funding for Quattro Wireless would be dedicated to expansion plans. T
he funding comes from Highland Capital Partners and Globespan Capital Partners which would help promulgate Quattro’s mobile ad network.
