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.