IceNet, a leading Internet Service Provider (ISP) of Western India has been recognized as a technology leader, innovator and pioneer of Internet.
The beginning was made with a joint venture, with equity participation between Elecmech group of India and Eclipse Micro computer group of USA. Both groups rich in their entrepreneurial experience amassed over years. IceNet’s potential business opportunity was realized by Gujarat venture Finance Ltd (GVFL) — the leading venture firm in India, who invested in IceNet. Given that the venture capital scene was dotted with failed start ups and enterprise, the confidence reposed on IceNet speaks volumes of the sound business plan and the niche which we have created for ourselves.
Through introduction of new technologies and user privileges, we changed the way Internet is perceived and experienced. We call our customers, IceNetizens and we ensure that they are the most privileged Net users and consumers through the following:
- First private digital ISP to launch operations in India
- First to launch private Internet International gateway in India
- First to launch broadband Internet on cable - 24online in India
- First to launch Internet Telephony - IceTel in India
IceNet has long grown out of its "Service providing" nature into a "Smart Business Partner", a proactive market catalyst for companies paving a new way to Internet commerce and industry in India. The transition from a market player to market force had been rapid because we always had a vision for it. One of the reasons of our edge was that we were not just selling Internet; we were selling solutions for communication.
In early 2007, the board of IceNet decided to merge in to a larger national base and because of its remarked performance could attract "YOU Telecom India Pvt Limited" to take over the Internet business of IceNet. All the shareholders and stakeholders of IceNet got a decent exit from the company. You Telecom is a national level ISP with 1.50 lac Broadband customers across 11 cities in India. YOU Telecom is a company owned by Citigroup Venture Capital International (CVCI) which is part of Citi Group.