By sinha on 16, March, 2009 | Channel: Funding

NVP India Invests $15mn in OnMobile

NVP India has invested $15mn in OnMobile for a stake of less than 5% in Bangalore based VAS firm.

OnMobile’s revenue in Q3 was Rs. 115 crores and market capitalization had slumped to Rs1,339.52 crore yesterday( from Rs2,996.23 crore when it listed on Indian stock exchanges on 19 February 2008) – source.

Earlier, OnMobile acquired France based speech recognition provider Telisma and is also launching OnMobile Developer Network.

Are VCs finding investing in listed companies more attractive?

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    • comment(s) on NVP India Invests $15mn in OnMobile

    2 Responses to NVP India Invests $15mn in OnMobile

    1. Mahesh says:
      March 16, 2009 at 5:50 PM

      “Are VCs finding investing in listed companies more attractive?” :
      Margin of Safety ?

      Reply
    2. Khushnood says:
      March 17, 2009 at 3:53 PM

      So I guess it valued the company at 395 mn * .1 * 50 = 1,975 Cr. Is my math right?
      (Assuming it took a 4% stake). So valuation is way above the current market level.

      Reply