SAP Ventures, the investment arm of SAP AG has invested $10 million in mobile internet services firm One97 Communications. SAP is the only investor in this third round of funding.
With this investment, One97 plans to expand its reach in Asia and Africa.
The company, which launched its product portfolio with the caller identification facility, diversified into services such as music, customer analytics and sending mobile phone voice messages to farmers for better agricultural practices.
The firm has raised a total funding of Rs 835.9 million from Intel Capital, SAIF Partners and Silicon Valley Bank.
