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Matrix Partners India Invests Rs20 Crore In Mobile Classifieds Firm Ver Se

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Matrix Partners India today said it has invested Rs20 crore in Bangalore-based mobile classifieds company Ver Se Innovation Pvt. Ltd.

Ver Se focuses on mobile classifieds in verticals such as jobs, matrimonials and real estate. The company had received seed capital from OnMobile Global Ltd and also has an international distribution partnership with that company.

OnMobile CEO Arvind Rao and Rishi Navani, co–founder & MD of Matrix India, will join the board of Ver se Innovation. Ver se stands to benefit immensely from the experience of OnMobile and Matrix Partners India.” said Virendra Gupta, co-founder and CEO, Ver se Innovation Pvt. Ltd.

Matrix Partners has invested in local search site Asklaila and classifieds site Quikr, apart from FIITJEE and ITZ Cash Cards recently.

Oct 14, 2009 12:26 PM ET

Posted In: Advertising, E-Commerce, Classifieds Business, Mobile, Money, M&A & Venture Capital, Venture Capital

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