KPCB Makes Two Venture Deals In India; Takes Stake in Naukri.com

So suddenly, in a space of about a month or so, the online travel and jobs space has seen a lot of frenzied deal activity in India, and for good reason. We’re covering it all blow by blow on our sister site ContentSutra.

Anyway, the major news:

Yesterday, one of the world’s largest most succesful venture capital firms around (thanks Stewart for correcting it), Kleiner Perkins Caufield and Byers (KPCB) announced it is making its first investment in India – in yet-to-be launched Cleartrip.com, an online travel portal for India. The KPCB investment is not very large and is said to be in the range of $2.7-3 million, in the first round.

– Then, the big news came today: India’s largest internet classifieds company Naukri.com (well, the parent company InfoEdge) has got investment from KPCB and Ram Shriram of Sherpalo Ventures. The amount of investment is not known, but the company is slated to go for an IPO later this year. It raked in revenues of Rs 45 crore ($10 million) last year and profits of Rs 8 crore ($1.8). It’s expected to earn sales of Rs 100 crore this year.

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