mKhoj Receives $7.1 Million From KPCB And Sherpalo Ventures
Mobile advertising company mkhoj has received $7.1 million in investment from Kliener Perkins, Caulfield & Byers and Sherpalo Ventures. Prior to this, mkhoj had received $0.5 million in funding from Mumbai Angels, and Praveen Chakravarty of the Mumbai Angels confirmed the investment to VC Circle.
$7.1 million is a fairly large amount of investment for a Series A funding, and we’ve written to Sandeep Murthy of Sherpalo Ventures and KPCB for details. mkhoj was founded by Naveen Tewari, Amit Gupta and Abhay Singhal. They have an advertising network, and some of the company’s advertisers include Lawrence & Mayo, Barclays Bank and Network18. Last year, mobile advertising company mginger had received $2 million from Draper Fisher Jurvetson and NEA IndoUS ventures.
Update: Sandeep Murthy of Sherpalo Ventures and KPCB has declined to comment on the investment, and the need for $7.1 million.
Posted In: Advertising, Mobile, Money, M&A & Venture Capital, Venture Capital
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Comments (10)
Apr 11, 2008 10:37 AM
mkhoj mobile add company received $ 7.1million yet to receive Sandeep
murthy:s comment,Very good news.
http://www.material-spiritual.info
Apr 12, 2008 3:00 AM
Congrats to the team. In the last one year mKhoj evolved itself from a local mobile search company to a full fledged mobile ad network company. A magnificient and bold transition. The investors are pretty good and will help the company to go to next level.
Apr 12, 2008 10:37 PM
Congrats to Naveen and his team !! Got the best possible investors especially in the advertising space - kudos to them.
Apr 12, 2008 10:43 PM
Well done ! Heard from my VC friends that the deal had great interest from several VCs - well contested deal. Not too much doubt that mobile based advertising is the next big thing but also heard mkhoj has been doing really well. Congrats Naveen!
Apr 13, 2008 2:05 AM
Cheers! Pulling off a great funding deals in these markets is commendable.
Mkhoj team is worth watching for.
Apr 14, 2008 12:51 AM
Congrats to the team. Amit - good show. The transition from mobile search to advertising has been quick and successful.
Apr 19, 2008 3:00 AM
Hey Team,
Thats really good news, Mkhoj is really a big thing in advertising space…
Kudos team, Congrats to Naveen, Abhay, Mohit, Amit
May 5, 2008 6:51 AM
Congratulations!!!!! are you using part of these funds to initiate IT setup?
Jun 21, 2008 5:24 AM
ZestADZ is India’s leading mobile-ad network. Serve mobile-ad’s on SMS and WAP. Pls review http://www.ZestADZ.com
Aug 11, 2008 11:28 PM
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