Venture Funding

Sequoia Capital puts Rs 40 crore in Just Dial

Sequoia Capital puts Rs 40 crore in Just DialSequoia Capital India, Bangalore based venture capital firm, has invested Rs 40 crore in Mumbai-based local search engine Just Dial.

Just Dial, established in 1994, serves over 25 million unique subscribers and more than 200 million searches in a year. The company claims to have over 90% market share in the space.

Keeping an eye on the investment, Mr. Sandeep Singhal, Sequoia’s MD, will now join Just Dial’s board.