ContentSutra: Its raining venture capital in India quite literally. The BharatMatrimony Group that owns BharatMatrimony.com, IndiaProperty.com, ClickJobs.com and IndiaAutomobile.com) has got ventura capital investment of 8.6 Million Dollars from Yahoo.com and Canaan Partners which in India is managed by Alok Mittal founder JobsAhead.com. Now this makes is the classified segment really competitive as far as money power is concerned. As Info edge group that owns Naukri.com, JeevanSaathi.com and 99acres.com is already been funded by Sherpalo Ventures and KPCB for 10 million dollars and is looking forward to a IPO whereas The PeopleInteractive group that owns Shaadi.com, the yet to be launched 2bhk.com have been funded by Westbridge Capital Partners for 8 million Dollars. And our yesterday’s article did talk about Times Group getting aggressive in the online classifieds segment. To me it looks like that each of them is well equiped and experienced but with four big groups with so much money.. is there really that much in this market for them to get so competitive? What do you feel?
Update 04-08-06 – Well another venture fund has launched in India known as Helion Venture Partners. Originally based in mauritius the fund will be of $140 million (about Rs. 630 crore) and will be focussed on multi-stage funding, providing growth capital and technical knowhow to technology-driven firms.
