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Paymate joins indian mobile payment space

on July 8, 2006 – 1:02 pmOne Comment

paylogo.jpgPaymate 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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Varun Krish is a Mobile Technology Enthusiast and has been blogging about mobile phones since 2005. His current phones include the Nokia Lumia 1020 , Apple iPhone 5S & Samsung Galaxy S4 Google Play Edition. You can follow him on Twitter @varunkrish and on Google+ You can also mail Varun Krish