Cellebrum, Lehman Bros To Start Incubation Fund For Mobile Content Startups
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Delhi-based Cellebrum plans to start an incubation fund to help startups in the mobile content/value added services space. The company plans to have a corpus of Rs 50 crore for the incubation fund, which will also have investment from Lehman Brothers, reports The Economic Times. Lehman is believed to investing $15 million in Cellebrum, a part of which will used to create the incubation fund. Cellebrum is owned by B K Modi’s MCorp Global. The company is expected to go public this year.
Related:
Cellebrum Plans IPO Next Year; Pre-IPO Placement On Cards
Lehman Brothers In Talks With Cellebrum To Pick Up 20%
Jan 19, 2007 10:25 AM ET
Posted In: Mobile, Money, M&A & Venture Capital, Venture Capital
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