Matrix Partners invest in Kijiji
Matrix Partners India has invested in Indian mobile classified startup Kijiji.com. Kijiji India, lauanched in 2005, is an online website that caters to a local community in a particular city. It offers services “to buy or sell a used car, look for an apartment on rent, buy or sell a house, look for a job or hire people, and much more.”
The revenue model is on local classified ads, and Kijiji is building a database of local services to harness the same. As of writing, the service had a presence in 12 Indian cities – Mumbai, Delhi, Bangalore, Chennai, Hyderabad, Kolkata, Ahmedabad, Coimbatore, Chandigarh, Kochi, Mysore and Pune.
Avnish Bajaj, Co-founder and Managing Director, Matrix Partners India said
“Our investment in Kijiji India demonstrates our continued focus on early stage investing in addition to our growth stage focus “We have been following the early success of Kijiji with small businesses and local communities with great interest and look forward to working with the start up team to scale its offerings and successfully grow the business.”
Consim Info gets $11.75 million funding from Mayfield Fund, Yahoo and Canaan Partners
Consim Indo, earlier known as BharatMatrimoney was recently funded for $11.75 million by Mayfield Fund, Yahoo and Canaan Partners. Consim Info is promoted by Murugavel Janakiraman and owns, apart from Bharatmatrimony.com, clickjobs.com, IndiaProperty.com and IndiaAutomobile.com.
Tyfone gets funded by India’s OjasVenture Partners
Tyfone has announced the closure of a funding deal by India based Ojas Venture Partners.
Tyfone is a technology startup that makes softwares for the banking and retail industry including contactless payments. The investments will be used in to scale up business in three business areas – mobile banking, mobile payments including contactless payments and retail merchant relationship services in the US and international markets.
Rajesh Srivathsa, managing partner of Ojas Venture Partners, said on this occasion,
“Tyfone has developed an innovative technology to enable existing mobile phones to be used for ‘wave-and-pay’ contactless payments, facilitating retail financial services. I see this as a competitive advantage in mobile payments, one that will position Tyfone as a leader in the mobile space within the next year to 18 months.”
Tom Spitzer, Tyfone’s chief executive officer said
“This vote of confidence and financial endorsement from Ojas Venture Partners is a testament to Tyfone’s ability to be a dominant player in this market and strengthens our global momentum,” “By early 2008, Tyfone will have the teams and partners in place to roll-out our innovative, modular and highly flexible, plug-and-play mobile banking, mobile contactless payments and retail merchant services platform to banks in the US and worldwide.”