The deal was led by Sequoia India managing director Sandeep Singhal (in photo), who will now sit on the Just Dial board. The press release did not specify the stake that has been acquired by the venture capital firm, but a VC Circle post says it has taken less than 10% — see more details here. Just Dial has raised two rounds of venture capital funding so far — $12 million from SAIF Partners in 2006 and $15 million from hedge fund Tiger Management in 2007. They remain invested in the company. The company expects to clock Rs 130 crore revenues this year and is profitable. It plans to launch services in the US later this year. More on what it plans to do with the money in Outlook Business here.

Some fast facts on Just Dial (from the website and press release):

• Founded in 1994 by first generation entrepreneur VSS Mani.
• Offers services on telephone, wireless, Internet and print.
• 25 million unique users
• Available in 240 cities

Sequoia India has raised $1.8 billion for the Indian market till date and invests in both early stage and growth companies from separate funds. It recently set up a third office in New Delhi. The other two are in Mumbai and Bangalore.

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