One97 invests in Scottish firm Ciqual

Delhi-based One97 Communications has made an investment (amount undisclosed) in Scottish mobile broadband customer service solutions firm Ciqual. Other investors in this round include TomorrowVentures, Google CEO Eric Schmidt’s investment vehicle (also an investor in Bangalore-based Nova Medical Centers), existing investors Par Equity and the Scottish Investment Bank. Ciqual intends to use the funds to promote and distribute its patented…

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MakeMyTrip files for Nasdaq listing

Gurgaon-based travel service portal MakeMyTrip will list on the Nasdaq under the symbol MMYT. It has filed a registration statement with the SEC for a proposed initial public offering (IPO) of its ordinary shares. The number of shares to be offered and the price range has not yet been determined. Morgan Stanley will be the sole bookrunning manager and Oppenheimer…

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One97, SAIF Partners Launch Mobility Fund

New Delhi-based mobile value added services (VAS) company One97 Communications has teamed up with private equity firm SAIF Partners to launch the One97 Mobility Fund, which will invest in seed and early-to-growth stage mobile VAS companies. The fund will have a $100 million corpus, contributed by the two partners. It will invest anywhere between $50,000 and $5 million per startup….

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