Tuesday, September 4, 2007

Net4Nuts looks for VCs to fund expansion

Five months after the soft launch of its flagship low-cost application MeOnGo, which enables push email on all internet supporting mobile devices, Ahmedabad-based Net4Nuts is on the lookout for venture capitalists (VCs) to fund its plans to market the product overseas.

The company had earlier tied up with a major telecom operator for the basic version of MeOnGo and has just wrapped up a deal with another top Indian telecom operator for an exclusive updated version.

MeOnGo, short for ‘Me on the Go’, allows a user to read emails on a mobile. Access is also available from any POP3 or IMAP4 based mailboxes.With interest from telecom operators especially in South Asia and Middle East, the company will expand its marketing and sales team and focus on foreign shores for the product in the next four to six months.

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