Cybercafe Ad Software Maker Ideacts Gets $5 Million From Sequoia

Entities Mentioned

• Yahoo
• Sequoia Capital
• ICICI Bank
• Radio Mirchi
• BPL Mobile
• Alok Kejriwal
• Mohit Bhatnagar
• Clinck
• Rudrajeet Desai
• Maninder Gill
• Reliance Webworlds

1. Mumbai-based Ideacts Innovations, a web-based out-of-home advertising platform, has recieved $5 million funding from Sequoia Capital India. Sequoia Capital India's senior advisor R.Ramaraj and operating partner Mohit Bhatnagar have joined the board. The startup also has backing from Alok Kejriwal of Contests2win. Ideacts has a desktop interface application called Clinck which is targeted at cybercafe users, providing shortcuts to internet browsers, messengers, search, news, entertainment and online storage, as well as advertisements from various companies. Ideacts has tied up with cybercafes (especially white labeled ones, and not the Sifys or Reliance WebWorlds) and the latter ... (Read Full Article)

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