Sequoia Capital invests Rs. 305 crore in Just Dial

MUMBAI, INDIA: Just Dial Limited, a local search engine, today announced that Sequoia Capital has made an investment of Rs 305 crore in the company, said a press release.

Just Dial aims to provide fast, free, reliable and comprehensive information to its users and has provided consumers with an interface for accessing local business information across India. Just Dial’s service is delivered across the web, phone and mobile internet.

 Just Dial’s local search service leverages a database of approximately 7.8 million merchant listings across various Indian cities and towns, with over 12 million merchant ratings and reviews, said the press release. 

Mobile Internet is the fastest growing channel for users to access Just Dial’s services and now accounts for approximately 10 per cent of Just Dial’s total searches.

This is Sequoia Capital’s third investment into Just Dial. This round of funding will help drive marketing, technology investments and assist Just Dial in increasing service levels to consumers and advertisers.

Shailendra Singh, managing director, Sequoia Capital said, ''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.''

VSS Mani, CEO and managing director, Just Dial 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.”