Telecom billing firm Qubecell acquired by US-based Boku

Boku, Inc., the global leader in carrier billing and cross-platform mobile payments, today announced the acquisition of Mumbai-based direct carrier billing firm, Qubecell. The agreement includes the purchase of all shares in Qubecell. All of Qubecell’s employees will be joining the existing Boku organization with the Founder & CEO of Qubecell, Ranjan R. Reddy, joining as part of the leadership team in Asia.

The acquisition of Qubecell provides Boku with direct carrier billing connections with four of the largest carrier networks in India along with a number of key local merchant relationships. Boku is backed by leading Silicon Valley entrepreneurs and venture capitalists including Andreessen Horowitz, Benchmark Capital, DAG Ventures, Index Ventures, Khosla Ventures, and NEA.

Source: Press Release

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