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Sequoia Capital funds 40 Crore in Just Dial

By SiliconIndia,Thursday, 23 July 2009, 21:47 Hrs

Bangalore: Sequoia Capital, a venture capital (VC) firm has invested

40 crore in Just Dial, which is a local telephone and web search company. The total investor holding in the company has moved up to 50 percent with the joining of Sequoia Capital's Managing Director Sandeep Singhal in the board of Just Dial.

Other investors of Just Dial include SAIF Partners, an Asia-focused private equity firm, and Tiger Global Management. Since 2006, the company has raised a total of

175 crore. "Most of the capital that we have raised will be used for going global. We are planning to get into the North America and Canada markets soon. In the U.S., some players charge $1 from the user. We, on the other hand, would be toll free," said VSS Mani, Founder and Managing Director, Just Dial.

Sequoia Capital funds Rs. 40 Crore in Just Dial

Just Dial has claimed that it has a market share of over 90 percent, reaching out to 400 million mobile customers across 240 cities and 40 million internet users. Just Dial had a revenue of

91 crore last year, and is expecting to touch

130 crore this year.

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Reader's comments (2)

1: More Credits to Sequoia India.They`ll Surely be one of the successful VC firm as they are now!nice to hear that it has invested in Justdial.Comin to Justdial they are also doing some good jobs in search engine field and Phone!Expect More from SI.All the very best for their future

Posted by: Sarathy - 06 Aug, 2009

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2: It is good to know that Sequoia funded in Just Dial's business model.

Posted by: Rajeev - 23 Jul, 2009

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