mKhoj Receives $7.1 Million From KPCB And Sherpalo Ventures
By Nikhil Pahwa - Fri 11 Apr 2008 07:00 AM PST
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, Venture Capital
