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The local online search space in India has never been so exciting before, considering the interest of several start ups as well as internet giants in this area. This clearly establishes the need and the potential for local information in India. Four Interactive, a Bangalore based local information company, which runs the service asklaila.com, after having secured their first round of funding from Matrix Partners India I LLC of USD 2 million in November’06, has just closed its second round of funding. Lightspeed Venture Partners VII LLP, Matrix Partners India I LLC and SVB India Capital Partners I LLP have cumulatively made an investment of USD 10 million in the Bangalore based local information company Four Interactive Pvt. Ltd. We, at Nishith Desai Associates, acted as the legal counsel to Four Interactive(www.asklaila.com)
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Disclaimer: We expressly clarify that this communication is not a solicitation or an invitation of any sort whatsoever from Nishith Desai Associates or any of its members to create an attorney-client relationship. This communication is not intended to be a source of advertising and the recipient should always seek the advice of competent counsel licensed to practice in the recipient's country/state. This is not a Spam mail. You have received this mail because you have either requested for it or someone must have suggested your name. Since India has no anti-spamming law, we refer to the US directive, which states that a mail cannot be considered Spam if it contains the sender's contact information, which this mail does. In case this mail doesn't concern you, please unsubscribe from mailing list. |
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