I think that was the only constraint for One97 to touch the heights of VAS domain.

Competition now be careful,tigers have aleady taken step to eat you all.

One97 is now ready to touch the sky soon.  Let’s get talking!

This is just the beginning of making up One97 into a true leader for VAS activities in India and overseas.The day is not far off when we will take the name of One97 in the same breath as Bharti,Idea and Vodafone.

All three comment above seems to be posted by people working for One97 . i have dealt with this company at one point of time and least i can say is that they are less than trust worthy .

Given the turnover of One97 it will be a joke to call this a series A Funding .
this deal speaks of the investment climate in India. we have real shortage of “GOOD” “Startup” so Equity fund manager are left with no option other than to invest in MID size company which actually don’t need any investment .
first Naukri, then IDEA ,and now One97 need i say more ?? about the pattern .sad part is that same funds invest in consumer internet startup in west . 
these are pre IPO deal masquerading as Equity Investment .

Nevertheless its a smart move for Investor i can bet now that in a year of two One97 will file for IPO and they will get decent [not exponential ] return on the investment .  they will exit at the cost of retail investors.  i hope Vijay will do justice to the sentiment of Retail investor when ever they go public by not opting for inflated valuation [this is another cartel at work in India ] . he is a good guy in bad trade and he learns very fast
All three comment above seems to be posted by people working for One97 . i have dealt with this company at one point of time and least i can say is that they are less than trust worthy .

Given the turnover of One97 it will be a joke to call this a series A Funding .
this deal speaks of the investment climate in India. we have real shortage of “GOOD” “Startup” so Equity fund manager are left with no option other than to invest in MID size company which actually don’t need any investment .
first Naukri, then IDEA ,and now One97 need i say more ?? about the pattern .sad part is that same funds invest in consumer internet startup in west . 
these are pre IPO deal masquerading as Equity Investment .

Nevertheless its a smart move for Investor i can bet now that in a year of two One97 will file for IPO and they will get decent [not exponential ] return on the investment .  they will exit at the cost of retail investors.  i hope Vijay will do justice to the sentiment of Retail investor when ever they go public by not opting for inflated valuation [this is another cartel at work in India ] . he is a good guy in bad trade and he learns very fast

Well, looking at the brighter side, One97 is being compared with the likes of Naukri & Idea. Surely, there’s a northward trend . And importantly, nobody would just throw their money into any company.

The comment that one97 is ‘less than trustworthy’ is eye opening!Clealry the previous blogs have been posted hamhandedy by one97 employees...What are VC s seeing in such Cos....already 30-40 milllion raised by this Co...for what purpose..and what was its topline/ebitda...Ther seems to be a mismatch between scale of funding, size of market, reputation of Co,greediness (or shortsightedness of VC’s).
All in all not a good sign for the business sentiment.

RS