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Paymate attracts $9 mn VC investment
TT Correspondent |  Mumbai |  11 Jun 2008

Mobile payment services firm, Paymate has attracted $ 9 million investment from venture capitalists firm, Kleiner Perkins Caufield & Byers, Mayfield Advisors and Sherpalo Ventures as part of its second round of funding.

 

Kleiner Perkins and Sherpalo had invested $5 million in the first round of funding held in 2006. Mayfield Advisors managing director Nikhil Khattau will join the board of PayMate.

    
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11 Jun 2008(IST)  
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