India’s local search engine, Justdial has raised another $18 million from Singapore based private equity firm, Nalanda Capital.
Nalanda Capital has been on the investors list for JustDial for quite a while now and the latest investment has increased its share in Justdial to 7.58%, up by 2% according to stock market reports.
Justdial, one of the biggest databases of local B2B and B2C contacts, was founded in 1994 by VSS Mani in Mumbai. The official website was launched much later in 2007. Justdial has recently launched in United States as well.
Other investors in Justdial include Sequoia Capital, SAIF partners, Tiger Global, EGCS and SAP Ventures.