The Business Standard reported that the search engine simply call India Pvt Ltd is selling its minority stake to a group of Malaysia. Based in Mumbai, simply call SA de CV offers both B2C and B2B ads advertisers small and medium enterprises. If the deal goes ahead, SAIF partners in this operation may leave the company. Just dial Pvt Ltd started in 1994 and currently serves its users a firm estimate of 57 million are distributed in 240 cities in India users.The. The company also provides telephone services through various channels, Web, WAP and SMS. It employs 4,000 people and has more than 135,000 paying advertisers. Just dial Pvt Ltd also plans to raise Rs.700 crore through initial public offering to fund its operations in India and its global expansion plans.
At a local call you must dial all ten digits occur. The new dial in a new area code of 539 Green Country.Initially possible, the company raised its first round of venture capital funding of Rs 50 crore SAIF Partners in 2006, followed by the investment of Rs.77 crore Tiger Global in 2007. In 2009, Sequoia Capital has invested Rs.40 crore in the company. The local ad industry in India has been interest capital and venture capital firms and individuals. In 2010, Malaysia-based Astro All Asia Networks has acquired 50 percent stake in Infoservices GetIt based in New Delhi for about Rs 100 crore.
Hungama mobile operator value-added, and Bharti Airtel launched Mobile Music Concert, a live concert in mobile phones. The first concert took place in Mumbai with music composers Vishal and Shekhar. Companies like Yahoo have entered the capital and India and in the private venture capital to invest in the acquisition of Yahoo a 30% of the information management network based in Chennai to society (INMAC), owner of search service called Ezee phone, Lightspeed, SVB and Matrix Four Interactive AskLaila investments and Norwest Investment Sulekha Indigo Monsoon. In 2007, TV18 Infomedia18 of ICICI Venture acquired.
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