Hotline: 1800 102 2007
Hotline: 1800 102 2007
Search Business Opportunities
2012-06-28

Just Dial raises Rs 305 crore from Sequoia Capital

Mumbai-based Just Dial Ltd, one of India’s leading local search engine providers has raised an investment of Rs 305 crore from Sequoia Capital Global Equities. This is Sequoia Capital’s third investment into Just Dial.

Just Dial raises Rs 305 crore from Sequoia Capital

Mumbai-based Just Dial Ltd, one of India’s leading local search engine providers has raised an investment of Rs 305 crore from Sequoia Capital Global Equities. This is Sequoia Capital’s third investment into Just Dial.

The current round of funding will help drive marketing, technology investments and assist Just Dial in increasing service levels to consumers and advertisers, the company said in a press release announcing the investment on Wednesday.

Shailendra Singh, Managing Director, Sequoia Capital said, “We believe Just Dial enjoys an unassailable market position in local search, developed through many years of fantastic execution. Our investment reflects our strong conviction in the management’s ability to continue to delight consumers and serve their 170,000+ customer campaigns as the most efficient source of lead generation for Indian businesses.”

Announcing the funding, VSS Mani, CEO & Managing Director, Just Dial Ltd said, “Sequoia Capital has been a great partner for us since they came on board in 2009 and with this investment the partnership has graduated to a new level.  We welcome this additional investment by Sequoia as it meets our purpose of having adequate cash to meet our short, medium and long term strategic objectives.”

Just Dial has a database of approximately 7.8 million merchant listings across various Indian cities and towns, with over 12 million merchant ratings and reviews.  The campaigns it serves are by SME advertisers who use its platform to market themselves directly to consumers who may have an interest in their products or services. 

Related opportunities
  • Digital Media & Internet Marketing
    About Us: Mark Flame is the fastest growing Digital Media platform..
    Locations looking for expansion Maharashtra
    Establishment year 2009
    Franchising Launch Date 2018
    Investment size Rs. 50 K - 2lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Amabjogai Maharashtra
  • Fashion Accessories
    ARCADIO’s extensive range of offerings includes award-winning eyewear collections, swanky..
    Locations looking for expansion Delhi
    Establishment year 2010
    Franchising Launch Date 2019
    Investment size Rs. 20lac - 30lac
    Space required 250
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Quick Service Restaurants
    About Us: NCR’s Trendy Fixation For Western Comfort Food!! Crepe-Fe is the..
    Locations looking for expansion Delhi
    Establishment year 2017
    Franchising Launch Date 2019
    Investment size Rs. 30lac - 50lac
    Space required 600
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Delhi Delhi
  • Tea And Coffee Chain
    About Us: SD Café is truly an all-day-dining cafe chain, a..
    Locations looking for expansion Maharashtra
    Establishment year 2012
    Franchising Launch Date 2019
    Investment size Rs. 10lac - 20lac
    Space required 150
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Pune Maharashtra
Insta-Subscribe to
The Franchising World
Magazine
tfw-80x109
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
email
mobile
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities

Free Advice - Ask Our Experts

pincode
ads ads ads ads