This has been one hell of a fund raising for OnMobile. There were several reports about how much was raised and who were the investors. Now it looks like these are the official numbers and details.
The Bangalore-based mobile value added services solutions company, OnMobile, has finally pulled in $27.8 million (Rs 128 crore) from three financial institutions - Deutsche Bank, Goldman Sachs and Polygon Investment Partners. This is the second round of funding for the company which was incubated in Infosys campus (earlier it was reported that OnMobile was raising $35 million). It deploys software solutions for the wireless and Internet content industry.
OnMobile had raised $18 million from venture capital firm Argo Global Capital and Infosys Technologies in the first round. Founders including CEO Arvind Rao and employees own a 40-45 per cent stake, while Infosys Technologies owns about 15 per cent. [Via MoneyControl.com]
The Hindu adds: OnMobile is looking at acquiring a domestic IT firm specialised in value added services space. A decision is expected by the end of the year.  The deal could be in the range of $10-25 million.
Related:
OnMobile Raises $35 Million From A Group Of Investors Including Goldman Sachs