Essar Group
Essar Group is a multinational corporation with a diversified portfolio, primarily invested in Steel, Energy, and Infrastructure sectors. It operates in over 30 countries and employs more than 60,000 people. Essar Communications, a subsidiary, operates in four business segments: Telecom, Retail, Infrastructure, and IT Services. It is a significant player in India's telecom industry, with over 50 million subscribers through its joint venture with Vodafone, Vodafone-Essar. Essar also provides IT-enabled services through Aegis, with a global presence and expertise in Telecom, Insurance, Banking, and Healthcare. In the retail space, it operates The MobileStore, a chain of multi-brand and multi-service outlets, with plans to expand to over 2,500 outlets across 650 cities. Essar Telecom Infrastructure is one of India's largest independent telecom infrastructure service providers, with plans to build 20,000 towers. Additionally, Essar Communications has invested in Econet Wireless Kenya, aiming to launch a new mobile network by the end of 2008.
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Obopay
Series D in 2008
Obopay is a mobile payment service provider that enables consumers and businesses to conduct financial transactions using their mobile phones. The company offers a mobile application, text message capabilities, and mobile web access, allowing users to purchase, pay, and transfer money seamlessly. Obopay's services are compatible with any mobile phone and carrier in the United States, and its prepaid MasterCard can be used at any merchant that accepts MasterCard debit cards. The company has established partnerships with several financial and telecommunications entities, enhancing its service offerings. Additionally, Obopay has a wholly owned subsidiary in India, which began operations in March 2008 and has formed partnerships with local banks and telecom providers to extend its reach in the Indian market.
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