Just saw it on the NDTV Profit ticker. The market buzz is that Sequoia Capital India may be picking up a stake in Geodesic Information Systems, a web technologies company. The news is yet to be confirmed.
Geodesic is an interesting technology company which has an instant messaging system Mundu, which combine AIM, Google Talk, ICQ, MSN, Mundu and Yahoo across the web and wireless devices and platforms.
Other products include Mundu web content aggregator, ADePT, a self service ad management system, and so on. Geodesic, founded in 1999, is a publicly listed company and had registered revenues of about Rs 95 crore and net profits of Rs 41.6 crore last year. Mahesh Murthy’s Passion Fund was one of the early investors in the company.
Related:
Geodesic Launches Mundu Radio On Mobile