One97 Communications Ltd's One97 Mobility Fund has invested S$1 Mn (around $820,000) in Singapore-based mobile gaming company, TheMobileGamer (TMG).The funds raised will be used by TMG, to produce 10 more games this year. TMG is a publisher of mobile social games like Club Wars, Monster Fight and Fun Factory. It licences and develops games that are localised and distributed through various networks and operators in South East Asia. Distributed directly through Kotagames.com, mig33 and Mozat, TMG has more than 500,000 subscriber base for its games.In March TheMobileGamer had raised S$0.5 Mn from Innosight Ventures. One97 Mobility Fund is a $100 Mn fund that it committed with SAIF Partners. The fund invests in early stage mobile companies. Last month, the fund invested Singapore-based LeapSky Wireless, which has developed 'JumpSurf', a device which provides cheaper international data roaming to customers through bulk data deals with telecom operators across geographies. Transaction Reference: Medianama
by Deeshesh Chheda | July 20,2011 - 10:40 AM
by Deeshesh Chheda | July 20,2011 - 10:40 AM
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