Rajesh Jain’s Emergic Ventures And Others Invest $3.1 Million In Mobifusion

The first news item you should know: Former IndiaWorld founder Rajesh Jain has launched a venture fund called Emergic Ventures. There are not much details available as of now. I have emailed him (see update below). The second: Jain’s Emergic Ventures has led a series A round investment of $3.1 million in US-based mobile content company Mobifusion, Inc. We had reported a few days ago about Mobifusion setting up office in india.
The other investors who have joined the round are Ingram Digital Group, Global Asia Partners and a “major telecom company” based in India. (We hope to ascertain the identity of the company).
As part of the investment, Mobifusion has appointed two members to its board of directors: Ajoy Khanderia of Global Asia Partners and Mike Lovett of Ingram Digital Group. The company, founded in 2005, will be use the capital to support sales and marketing initiatives, R&D operations, product development, and also building on patented technologies etc. [Via our sister site MocoNews.net; Press release here]
Updated: Rajesh Jain informs that Emergic Ventures is his personal investment company, and it doesn’t have other investors. So it’s not a typical venture fund. It has no investment limits, and the focus – as he has always talked about on his blog Emergic.org – is mobile, broadband, emerging markets and so on. And all his personal investments have been made from this company.
Related:
Mobifusion Sets Up India Office; Prashant Gupta Appointed As India Managing Director

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