Read the Beforeitsnews.com story here. Advertise at Before It's News here.
Profile image
By Wat Blog - Connecting Web - Advertising - Technolog (Reporter)
Contributor profile | More stories
Story Views
Now:
Last hour:
Last 24 hours:
Total:

Oxigen Acquires Majority Stake In United Villages

% of readers think this story is Fact. Add your two cents.


Mobile Payments are not a new phenomenon in India. Given the vast number of people who have access to mobile phones, and the inherent mistrust in traditional banking systems like Credit Cards and preference for Prepaid among the general population, Mobile Payments have always shown a lot of potential.  Offshoots of M-Payments like Mobile Ticketing too are in the pipeline. The RBI opening up to Mobile Innovation has given impetus to many companies. Today we have news of Oxigen Services having acquired a majority stake in United Villages Network Pvt. Ltd.

Oxigen Services India was started by an IIT-R graduate with South African Blue Label Telecom. They started off in the mobile recharge sector, steadily evolving to offer other payment services like airline/rail/bus/m-ticketing. They had purchased a minority stake in UVN last year, and have  gone ahead and bought a 51% stake in it. While the transaction was said to have taken place earlier, it has now been made public.

Oxigen Services India Pvt. Ltd, a payments solutions provider, has acquired 51 per cent stake in Jaipur-based United Villages Network Pvt Ltd for an undisclosed amount, a top company executive told Techcircle.in. Although the deal was struck earlier this year, the transaction was not made public.

United Villages are a mobile-based distributor of goods, primarily in rural markets.  They provide a link between large wholesalers and logistics partners, to deliver products to warehouses of the wholesalers as per the order on the mobile-based platform.

Chintan Bakshi, founder of United Villages, said,“We realised that there was limited demand for these services, even though our prices were very low, especially with proliferation of cellular networks and mobile-based Internet connectivity in rural areas. Right now, we are taking orders via mobile phones and getting help from Oxigen to enable payments through mobile phones. In fact, we are creating an entire mobile phone-enabled eco-system in rural India, so that the entire value chain of ordering, invoice notifications, dispatches, deliveries and payments can be handled on a single mobile platform,”

Oxigen will not be interfering with the day to day running, but have been said to have appointed board members of their choice on the United Villages board.

Together, both companies can enjoy each other’s competitive advantages to reach out to more and more Indians in different, innovative ways.

Looking For A Social Media Agency?? – Contact WATConsult – India’s Leading Social Media Agency


WATBlog is India’s Best Blog Of 2009 and is owned and managed by WATMedia Pvt Ltd a Digital Media Company that aims at being the thought leader in the space by Connecting the Web, Advertising and Technology (WAT) Industry in India.

2012-08-16 08:13:11

Source: http://www.watblog.com/2012/08/16/oxigen-acquires-majority-stake-in-united-villages/


Source:


Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world. Anyone can join. Anyone can contribute. Anyone can become informed about their world. "United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.


LION'S MANE PRODUCT


Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules


Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, but it benefits growth of Essential Gut Flora, further enhancing your Vitality.



Our Formula includes: Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity. Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins. Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system. Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome. Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function. Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules Today. Be 100% Satisfied or Receive a Full Money Back Guarantee. Order Yours Today by Following This Link.


Report abuse

    Comments

    Your Comments
    Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

    MOST RECENT
    Load more ...

    SignUp

    Login

    Newsletter

    Email this story
    Email this story

    If you really want to ban this commenter, please write down the reason:

    If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.