Paymate joins indian mobile payment space
Submitted by Varun Krish on July 8, 2006 – 1:02 pm
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Paymate is a mobile payment platform that allows users to use their mobile phones to make payments. The company recently got funding from VCs to the tune of $5 Million as reported by economic times and by mobilepundit
The VCs are none other than legendary VC Ram Shriram with his Sherpalo Ventures which funded Google in its initial days and Kleiner Perkins Caufield & Byers
Paymate is founded by Ajay Adiseshann, formerly the CEO of Coruscant Tec, a mobile value added services company and Probir Roy, formerly CIO of StarTV and Co-Founder Coruscant Tec. The Company is advised by Alex Kuruvilla, the former head of MTV Networks in India.
via [mobilepundit]
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