iYogi receives funding frm Canaan

Wednesday, 25 April 2007, 07:00 Hrs
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New Delhi: US-based venture capital firm Canaan Partners Wednesday announced a $3.1-million investment in one of India's leading computer support companies, iYogi.

This move by Canaan Partners is part of their business strategy in India to invest in technology start-ups.

"As computers become more central to our lives, technology and services companies are in a race to provide tools and solutions that can meet the ever growing need for support," said Alok Mittal, executive director of Canaan Partners India.

"iYogi is one of the most promising companies to emerge in this sector. iYogi is Canaan Partners' first investment in a growing trend of next-generation outsourcing services from India, wherein companies establish a direct customer relationship with end-consumers," he added.

iYogi is headquartered in Gurgaon, Haryana, and provides computer support for home and small businesses on phone and also via remote access for everyday-use technology.
Source: IANS
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