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Cellmania.com Gives Birth to M-Commerce Solutions with New Investors
Wireless Commerce Pioneer Secures $13 Million in Second Round Funding
MOUNTAIN VIEW, Calif., April 11, 2000 -- Cellmania.com, the leading provider of wireless e-commerce and m-commerce (mobile commerce) solutions, today announced the company has secured $13 million as it closed its second round of investment funding.
BroadVision and Office Depot top the list of second-round investors as Cellmania.com rapidly emerges as an innovator of m-commerce solutions for carriers, retailers, portals and other enterprises pursuing the mobile consumer, as well as serving consumers on its flagship Web site, www.cellmania.com.
"We're thrilled to have the financial backing and endorsement of these exceptional companies," said Dr. Ronjon Nag, president and CEO of Cellmania.com. "With BroadVision and Office Depot as well as our existing strategic partnerships with companies like Motorola, we now have relationships with all of the major players in the wireless supply chain, including carriers, manufacturers, distributors, retailers, e-commerce tools and wireless application protocol (WAP) developers."
Pehong Chen, CEO and chairman of BroadVision, Inc. agrees that Cellmania.com is moving in the right direction, "Our backing represents our belief that Cellmania.com is poised to lead the m-commerce revolution."
Cellmania.com is the first e-commerce site to offer consumers the opportunity to compare and purchase wireless phones from all the leading manufacturers including Motorola, Nokia, and Ericsson, and over 50 carriers including Sprint PCS, AT&T, Nextel and GTE in 100% of the US ZIP codes. Recognizing that educating consumers about m-commerce and the wireless Internet is a vital building block for success, the company recently launched the mGuide, which, along with an online glossary introducing users to wireless terminology, informs consumers about the best wireless sites in categories such as travel, entertainment and news.
"We believe Cellmania.com offers best of breed wireless e-commerce functionality while charting the leadership in mobile commerce," said David Fuente, CEO of Office Depot, Inc.
Additionally,Cellmania.com recently presented the first-ever Wappy Awards, which recognizes excellence in WAP site content to the top 10 WAP sites in the industry.
"With the mGuide, m-commerce efforts and Wappy Awards, Cellmania.com is helping define a whole new mode of Internet connectivity and commerce," added Dr. Nag. "M-commerce has the potential to be a $300 billion consumer and business-to-business industry, considering more than one billion people are expected to be carrying wireless devices by 2003. Wireless will ultimately surpass PCs as the primary means by which people will connect to the Internet."
Based in Mountain View, California, Cellmania.com was was founded in 1999 by Dr. Nag and Neerav Berry, Cellmania.com, vice president of marketing.