Just Dial raises $57 mn from Sequoia, SAP Ventures; defers IPO
Mumbai-based local search company Just Dial has raised Rs 327 crore ($57 million) as part of a growth round of funding from existing venture capital investors Sequoia Capital and SAP Ventures, reports Mint. Sequoia led the round with an investment of Rs 305 crore. The company has also deferred its proposed initial public offering to next year. It had filed a draft red herring prospectus with the Securities and Exchange Board of India last August, with the objective of raising Rs 360 crore from the public markets. (Source: Mint).
