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Ashmore Group Picks Up Stake in Directi’s Skenzo

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Skenzo, part of Directi, the $300 million valued Indian web product firm and the ten largest domain name registrar, has announced the completion of a minority investment from the Ashmore Group. Skenzo is in the domain parking business and is a wholesaler to portfolio holders and registrars and online publishers. Skenzo, provides a specialized solution called Managed Parking Platform (MPP) which you can use as another layer to direct Google/Yahoo (NSDQ: YHOO) advertising feeds on parked domains. For eg: http://www.Cars.in is parked and managed by Directi. Skenzo employs 250 people. More here.
Nikhil adds: Speaking of parking (domain and otherwise) - Directi was one of the sponsors of the recently concluded Barcamp Mumbai, and they’d parked this car outside the venue.

Mar 28, 2008 2:23 PM ET

Posted In: Money, M&A & Venture Capital, Venture Capital

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