India: Mobile wallet service firm Oxigen to hive off online biz, in talks to raise $200m for new entity

India: Mobile wallet service firm Oxigen to hive off online biz, in talks to raise $200m for new entity

Visual from the Oxigen website

Oxigen Services India Pvt Ltd, an India-based mobile wallet service provider, is planning to separate its online business into a new company for which it is in talks with investors to raise $200 million, according to an Economic Times report that cited company chairman and MD Pramod Saxena.

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