private capital investors in india

Zip Telecommunications

Zip Telceom was India's first and leading private sector pay phone company. The company used to operate by buying bulk telecom minutes from telecos and operated by setting up franchised pay-phone network banking on advertising and franchising revenues. It had a presence in multiple cities across the country. At the time of investment by Strategic Venture Fund , Zip Telecom had logged revenues over $ 18 Mn for March 2002. The investment has been exited.