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Altruist Close To $25M Acquisition Of Overseas Mobile VAS Firm

Chandigarh-based mobile value added services provider Altruist Group is on course to acquire an international VAS company and has set aside $25 million for the acquisition. Without disclosing the names of the acquisition targets, Altruist India founder and CEO Dheeraj Aggarwal said, “I have be...

4 February, 2011 | More »


ValueFirst Messaging CEO On IPO Timeline, M&A Strategy

Mobile VAS player ValueFirst Messaging, which has received a funding of Rs 70 crore from Headland Capital Partners (formerly HSBC Private Equity Asia), says it will continue to follow the acquisition-led growth path....

2 February, 2011 | More »

Headland Capital Leads Rs 70Cr Round In ValueFirst Messaging

Headland Capital Partners, earlier known as HSBC Private Equity Asia, is investing Rs 70 crore in Gurgaon-based enterprise mobility and communication services company ValueFirst Messaging Pvt. Ltd. The round has also seen participation from existing investor New Enterprise Associates (NEA)....

1 February, 2011 | More »

Spice i2i Buys Indonesia’s Mobile Firm Affinity For $175M

Spice i2i, part of the BK Modi-promoted Spice Group, has acquired Indonesian mobile player Affinity Group for $175 million. The deal will help Spice i2i establish a presence in the Indonesian market where Affinity has a 22-25% market share in the mobile handset business. Affinity owns the local bran...

1 February, 2011 | More »

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