One97 Communications, India’s largest & most widely deployed telecom applications platform company, has announced that Intel Capital & SVB India Capital Partners have invested in the company for a minority stake. One97 will use the proceeds to fund its continued growth, including new product development & acceleration of its domestic & global expansion plans. One97 will further enhance its R&D and technology operations in area of Next Generation Wireless Networks.
Avendus Capital was the exclusive financial advisor for the transaction.
About One97 Communication | SVB India Capital Partners
One97 is India’s largest & most widely deployed telecom application platform reaching 97% mobile subscribers in India. Every month 200 million unique subscribers perform over 1.5 billion transactions on this platform using Voice, SMS & WAP applications. The focus of One97’s is to enable telecom networks to emerge as the best & the most used media to deliver content, information & intelligent transactions to consumers. One97 offers smart services to telecos as a medium for communicating with their customers & enabling business processes.
Since 1991, Intel Capital has invested more than $7.5 billion in approximately 1,000 companies across 45 countries. In this timeframe, 168 portfolio companies have gone public on various exchanges around the world & 212 were acquired or participated in a merger. In 2007, Intel Capital invested about US$639 million in 166 deals with approximately 37% of funds invested outside the United States. Intel Capital has made a number of well known investments around the globe. These include Actions Semiconductor, Bellrock Media, Broadcom, CNET, Citrix Systems, Clearwire, Elpida Memory, FPT, India Infoline, Inktomi, Insyde Software, Integrant Technologies, Marvell etc.
For 25 years, SVB has been dedicated to providing global financial services to some of the most innovative & entrepreneurial companies in the technology, life science, private equity & premium wine industries. SVB offers a full range of sophisticated banking & investment services, but what sets them apart from others is their innovative approach & deep commitment to helping entrepreneurial companies of all sizes, & at all stages, grow their businesses around the world. Over the years, they've built an unparalleled network of relationships with companies, service providers, venture capital & private equity firms.
REACH OUT
Get in touch with us
We believe in audacious goals and we are here to partner with you, every step of the way.
Explore how we can help your business scale

















