Just Dial Raises US$57 Million from Sequoia, SAP Ventures (Asia)

Source: VCCircle

Global venture capital investors Sequoia Capital and SAP Ventures have invested INR3.27 billion (approximately US$57 million) in Just Dial, an Indian local search service that is available via web, phone or mobile internet. Sequoia Capital contributed INR3.05 billion (approximately US$53 million) to the latest financing round, representing its third investment in the company, while SAP Ventures invested INR220 million (approximately US$4 million). Just Dial had initially planned an initial public offering for this month, but has decided to delay the listing until 2013.