With this, Nalanda’s total stake in the company increased by 2% to 7.58% as per stock market reports.
JustDial was founded in 1994 by VSS Mani. The official website (www.justdial.com) was launched in 2007. It is a local search firm that provides both B2C and B2B listings of small and medium businesses across the country.
In 2014, SAIF Partners sold 2.4% stake in JustDial which helped it earn returns of over 30 times in comparison to funds that it had invested.
Established in May 2007, Nalanda Capital invests in small to mid-cap companies in India for a long-term. Nalanda has investments in Berger Paints, Genpact, Havells, Mindtree among others in its portfolio.
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