Essar Group

Essar Group is a multinational corporation with a diverse portfolio that includes investments in steel, energy, infrastructure, and services, and operates in over 30 countries while employing more than 60,000 people. Its telecommunications division, Essar Communications, encompasses various segments such as telecom retail, infrastructure, and IT and BPO services. A notable venture is Vodafone-Essar, a significant cellular service provider in India with over 50 million subscribers. The group also operates Aegis, an IT-enabled services company with a global delivery model and 20 centers across the United States and India, employing over 20,000 individuals in sectors like telecom, insurance, banking, and healthcare. Furthermore, Essar has established The MobileStore, a nationwide chain of multi-brand telecom retail outlets, which aims to expand from over 1,000 to 2,500 locations across 650 cities. Additionally, Essar Telecom Infrastructure is recognized as one of the largest independent providers of telecom infrastructure in India, having set up over 3,500 towers with plans for significant expansion.

Michael Foley

CEO, East Africa

1 past transactions

obopay

Series D in 2008
Obopay lets consumers and businesses purchase, pay, and transfer money through any mobile phone using Obopay’s mobile application, text message, mobile Web, or Obopay.com. Obopay works on any mobile phone and any carrier in the U.S. Obopay’s prepaid MasterCard works with any merchant that accepts MasterCard debit cards. Obopay has partnerships with Citi, Fidelity Information Services, MasterCard MoneySend, Bancorp, Verizon Wireless, AT&T and RIM. Obopay has a wholly owned subsidiary in India whose service launched in March, 2008. Obopay India has announced partnerships with YES Bank, Aircel, BPL and Tata Indicom.
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