JiGrahak Mobility Valued At $22 Million By Helion Venture

It seems the Helion Venture Partners has picked up 10 per cent stake in JiGrahak Mobility Solutions for $2.2 million. A Business World snippet quotes Kanwaljit Singh, partner at Helion, as saying that the stake they have picked up is 10 per cent. That values the Bangalore-based mobile payment company at $22 million. The company was founded in 2003 and has clients like Air Deccan and SifyMall. It’s soon signing up with movie chain Inox too.
How much do you think PayMate was valued at? Kleiner Perkins and Sherpalo recently invested over $5 million in the Mumbai-based mobile payment company.
Related:
Helion Venture Debuts With $2.2 Million Investment In Mobile Payment Firm JiGrahak

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