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Financing : Asia Last Updated: Jul 13th, 2006 - 10:20:17


Times Internet Raises $7 Million from WestBridge Capital Partners

Location: India
Date: Dec 6, 2005

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WestBridge Capital Partners, India’s largest and most active venture capital fund, today announced an investment of $7 million in Times Internet Ltd, the digital venture of India's largest media house – Bennett, Coleman and Co. Ltd (BCCL). WestBridge Capital Partners is the sole investor in Times Internet Ltd (TIL), and the investment will be used by Times Internet for future acquisitions and towards strengthening its success in the Indian Internet and mobile sector.




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WestBridge Capital Partners

FIRMS

Times Internet Ltd is the digital venture of India’s largest media conglomerate- Bennett Coleman & Co Ltd (BCCL). It is the dominant market leader in the Indian Internet and mobile value added services space. It has a diversified business portfolio with market leadership across all its businesses. Times Internet is the leading provider of Mobile Value-Added Services, B2C E-Commerce Shopping Marketplace, Online Advertising, Online Money Remittance Service for Non-Resident Indians and Online Classifieds.


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