One97 invests in LeapSky Wireless


LeapSky Wireless, a Singapore based organization which
provides 3G/Wifi based mobile data services using Identity Management
technology, has closed a significant round of funding with One97 Communications,
a provider of telecom applications and services in emerging markets.


This latest round of financing will enable LEAPSKY to
continue their superb work on a challenge faced by customers and telecom
operators equally. Exuberant data usage costs and bigger consumption on today’s smart devices end up giving extremely
high data bills for users and they stop using roaming data completely.


initial product converts local 3G to WiFi for global roamers, making it simple
and cost effective to use roaming mobile broadband services. Such a product can
create a great affordable option for users and a potentially large revenue
stream for telecom operators.


I am so happy that we are investing in a pre-revenue
company working on a breakthrough product. Siva and his team have tremendous
passion and focus solving a critical gap in mobile internet services for
roaming users,” said Vijay Shekhar Sharma, chairman and managing director of
One97 Communications.


Investment from One97 is very strategic and the market
timing is just right for such a product. Operator relationships and experience
of One97 are very key to our product launch and global growth. We look at One97
more as a partner than just an investor,” said Siva Sai N, founder of LEAPSKY.


By Team
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