Ashmore Group Picks Up Stake in Directi’s Skenzo
By Cerius Shah - Fri 28 Mar 2008 12:23 PM PST
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.
Posted in: Venture Capital
