Tag Archive for Sequoia Capital

Justdial raises 327 Crores led by Sequoia Capital

JustDial, India’s biggest local search engine has deferred its plan to go public and have gone ahead and raised Rs 327 Crore from SAP Ventures and existing investor Sequoia Capital which led this round with investment of Rs 305Cr, its largest investment in India.

Justdial promoters and employees owns 40% of equity in the company while rest 60% lies with investors which include Tiger Global, Saif partners

Founded in 1996 with an mere investment of Rs 50,000, Just Dial is India’s bestknown local search provider and considered as backbone in the SME segment.

Just Dial, which delivers services across the Web, phone and mobile Internet, has a database of about 7.8 million merchant listings, with over 12 million merchant ratings and reviews. Currently 60% of queries originate from internet and mobile, though it started as telephone based service.

Justdial plans to file a DRHP next month and is planning to go public in 2013 and primarily it will be a  liquidity event for their  investors. Just Dial had a total income of Rs. 189.9 crore in fiscal 2011, up 41% over the previous year while the company’s profit after tax rose 55.3% to Rs. 28.62 crore, according to the DRHP filing.

Lets look at their monthly web traction:-

Unique visitors
7.4M
Unique visitors
3.5M
Reach
0.2%
Page views
31M
Total visits
7.5M
Avg visits per cookie
1
Avg time on site
7:10

 

The local search/information engine space in India has generated strong interest among investors. Last month, Quikr raised $32 million in its fifth and largest round of fund raising.

-Hitesh, vcBytes.com

Walk the Talk with Entrepreneur – Pallav Pandey of Knowlarity Communications

 

In this  ”Walk the Talk with an Entrepreneur” session i am presenting to you an  interview with Pallav Pandey (pic below) COO & Cofounder of Knowlarity Communications, a cloud telephony company based out of India.


How did you come up with the idea for cloud based telephony solutions for Knowlarity communication

Small and medium size enterprises in India are the growth engine of Indian economy. Collectively they contribute $110 Billion of revenue with high growth rate and provide employment to 75% of workforce in India through the manifestation of the relentless entrepreneurial dreams. And, all these entrepreneurs run their business on that small piece of mobile phone.

Myself and Ambarish (Cofounder & CEO) dreamed to enable these millions of entrepreneurs with innovative, inexpensive and hosted telephony based business products.

Cloud enabled solutions as a whole are making it affordable for small businesses to automate their office workflow. Products offered by Knowlarity are filling an important gap in the domain of  intelligent telephony solutions (Fax / PBX) that were not affordable for enterprise businesses before.

What is the USP of Knowlarity Communication.

Knowlarity has built a scalable sales model where we are able to sell products in a cost efficient manner to SME businesses. Knowlarity’s competitive advantage is that we have been able to design a sales model taking into account the recurring nature of cloud business, something which bigger enterprises are not accustomed to do since they have been selling products based on high upfront license fee. Apart from being affordable  our products are scalable on demand and have lower set up times, this is an important consideration for SME businesses that are inherently nimble in their operations.

Knowlarity communication is targeting global SMEs by offering range of products, do you find challenging to push your products in SME segment.

Yes, we had difficulty initially in making them understand the concept. However than we customized the products as per the sme basic requirements on the problems they face in their daily lives and developed products that they need in today’s scenario.

The company is pioneer of cloud telephony in India and creates state of the art products for SMEs and innovative award winning solutions for enterprises. Knowlarity is a young and vibrant company and served more than 40,000 customers in India.

  • We explore how Cloud technology and services can help people and companies address their problems and challenges, and realize their possibilities, aspirations and dreams.
  • We apply new thinking and ideas to create more simple, valuable and trusted experiences with technology, continuously improving the way our customers live and work.
  • No other company offers as complete a cloud technology product portfolio as Knowlarity.

We offer consumers a wide range of products and services from efax to Super Receptionist and from web computing to Mobile Phones. This comprehensive portfolio helps us match the right products, services and solutions to our customers’ specific needs.

Which product is selling fast in the market and for which product you would like to see more traction.

We see demand for our solutions across enterprises ranging from small to large enterprises. Our product portfolio mix addresses needs of all enterprises, Super Fax and Super Receptionist being packaged products cater to specific needs of SOHO and small enterprises and products like Super Caller, Super Tollfree and Super Conference are designed to address needs of mid sized to large size enterprises.

Whom do you compete with directly in International market.

With respect to International competitors, players like J2 Global and Twilio are direct competitors. They would find it difficult to penetrate because of two factors a) their platform supports VoIP which is allowed in a limited way under indian telecom regulatory norms b) majority of their sales is done online and it would be difficult for them to sell in developing countries where majority of population is offline.

Exotel, another young exciting startup is also in similar space, do you feel threatened by them in the domestic market.

Cloud telephony space is at a nascent stage in India which is expected to grow to grow exponentially in the coming years with enterprises shifting towards cloud enabled products. Foreseeing this growth there are Indian Players like Ozonetel and Exotel which have started to offer these services.

Their current play is more towards providing an API and expecting the developer community to design solutions using the same. We feel that this might be too early for Indian enterprises that need packaged products addressing their main pain points, in this regard we have a head start on our competitors.

Cloud Telephony Services is a scale game – you can run asterisk on a desktop and start offering services and get past first hundred customers quickly. But the systems start to fail with higher call volume – appreciate we are dealing with parallel voice circuits and not just data packets which can scale easily using Amazon Web Services. Its a reliable communications game – nobody wants a services that works great “most” of the time. A lot of R&D and VC investment went into making Knowlus platform scalable and reliable.

Knowlarity would gradually promote its API as the market become as the developer community becomes more mature and we expect this to contribute strongly towards our growth.

Knowlarity raised investment from Sequoia Capital, Any advise to entrepreneurs who are planning to raise venture capital

Startups need to identify a niche that they can dominate and then expand from there.

 

-Hitesh, vcBytes.com

Sequoia Capital invests $7.5M in Edusys

PMP certification

 

Edusys, Test preparation and Certification company has raised $7.5M from Sequoia Capital. Edusys started in 2004 by Tridibesh Tripathy, an IIT-IIM and Wharton School graduate saw a massive opportunity in test preparation and certification space. Global market size of test preparation and certification is pegged to be be around $50B.

Edusys intends to use the funds to expand its business through new product introductions and to strengthen its core team and technology platform, it plans to double its workforce in a year.

Edusys has developed learning platform which is highly scalable and imparts virtual learning with great ease. The courses are designed to provide maximum flexibility to students with innovative training styles and easy accessibility

PMStudy is Edusys poster boy portal and is quite popular among the mid level managers across various sector. Edusys also caters to Six Sigma, ITIL, Prince2 learning and certification.

Lets look at the monthly traction of PMStudy:

Unique visitors (estimated cookies)
43K
Page views
1.1M
Total visits
46K
Avg time on site
16:40

Another company which is directly competing with Edusys is Simplilearn which also target global audience through its learning management platform.

Test certification space is really heating up and VCs are readily backing the interesting companies in this space.

-Hitesh, vcBytes

Sequoia Capital invests $6.5M in Knowlarity Communications

Knowlarity Communications,  a Gurgaon-based company that offers cloud telephony-based solutions has raised $6.5M investments from Sequoia Capital. This is the first investment in the cloud telephony space in India for Sequoia Capital, Mohit Bhatnagar will come on Knowlarity board.

The current round of funding will help Knowlarity scale its R&D facility in India, besides developing sales and marketing in the international market. At the time of inception, Knowlarity had raised a little less than $2 million from angel investors.

Founded in 2009 by IIT- Kanpur graduates Ambarish Gupta and Pallav Pandey, Knowlarity provides voice and data communication services over the internet to companies and individuals globally. As per Gupta the genesis of starting the company was to deliver simple and useful telephony products to help other businesses, primarily in the SME segment. Currently they have 40,000 clients who uses their products like ‘Super Receptionist’, ‘Super Fax’, ‘Super Conference’ etc.

Knowlarity has solved tracking and monitoring issues in the Mid-day Meal Scheme (a project for provision of lunch, free of cost to school-children, below the poverty line, on all working days) for the Government of Uttar Pradesh using a software called SuperCaller.

-Hitesh, vcBytes.com

HealthKart receives $5M from Sequoia Capital and Omidyar Network

 

Online health store

 

HealthKart, gurgaon based online retailer has raised $5M from Sequoia Capital and Omidyar Network as part of series B round.  In April 2011 HealthKart had raised $1M from Kae Capital and Sequoia Capital.

Primarily the investments will be utilized in strengthening the product portfolio, supply chain system and good chunk of investments will be deployed in marketing.

Healthkart, is founded by two IIT-D graduates – Prashant Tandon and Sameer Maheshwari. They have able to bring in some talented entrepreneurs in their core team, for instance Animesh Jain is head of Online Marketing & Product, Animesh was CEO and Cofounder of iTasveer.

Healthkart which began as online health store has expanded its product portfolio, now it sells baby care, cosmetic products as well.

Lets have a look at their monthly traction:

Unique visitors (estimated cookies)
150K
Unique visitors (users)
69K
Page views
1M
Total visits
150K
Avg time on site
8:00

 

-Hitesh, vcBytes