Mobile VAS Firm TeleDNA Raises $10 Million From Peepul Capital

Entities Mentioned

• Aircel
• BPL Mobile
• Simon & Schuster
• Peepul Capital
• IndusInd Bank
• Patrick Smith

1. TeleDNA Communications Pvt Ltd, a US and Bangalore-based mobile value-added services (VAS) solution provider, has raised $10 million from Hyderabad based private equity firm Peepul Capital. TeleDNA plans to venture into managed services/MVNO offerings for mobile network operators (MNO), especially in areas like MMS and cell broad cast. It also plans to create revenue generating VAS applications with mature VAS infrastructure products. TeleDNA will also expand its existing sales and support functions.
   
   
   "Company will also venture into Managed Services/MVNO offerings with technologies where operators have not made any significant revenues. For example, MMS and CellBroadCast has not ... (Read Full Article)
   
   

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