JustDial, one of India’s leading local search engines today announced that SAP Ventures (SAPV) and Sequoia Capital Global Equities (SCGE) have invested approximately $10 million USD in the company.
VSS Mani, Founder and CEO of JustDial said “We welcome SAP Ventures and SCGE as investors in JustDial. We are confident that both, with their global presence will help us achieve our strategic plans”.
“With the increased penetration of mobile phones and growing use of the Internet in India, we believe that consumers will increasingly depend on local search to find services and products located near them” said Jai Das, Managing Director, SAP Ventures. “JustDial has developed technology that is able to connect the consumer with the right seller of the service or product over voice, SMS or WAP efficiently. We believe that the company is well positioned to be one of India’s leading internet companies with its consumer reach and a growing database of small and medium enterprises”
“We are delighted to be a long-term shareholder in JustDial along with Mani and the management team.
Thanks to their relentless focus on building a world class service, JustDial is one of the leaders in local search in India and has millions of consumers in India and around 130,000plus SME advertisers” said Shailendra Singh, Managing Director, Sequoia Capital
SAPV and SCGE join a strong set of global investors who have already invested in JustDial, including SAIF Partners; Sequoia Capital India, and Tiger Global.
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