Sequoia Invests $30M In Remote Tech Support Company – iYogi

iYogi is the first worldwide direct-to-consumer services brand from India and the company offers desktop and laptop computer support services to home users and small businesses. The company also does remote configuration of computer peripherals such as printers, scanners or wireless routers. iYogi has seen a 300% increase in it’s annual revenues with the revenues for the current fiscal are expected to stand at $65 million.

This enormous growth made sure that the company does not go un-noticed by potential investors and none other than Sequoia Capital India invested $30 million in Noida based company iYogi. Sequoia will pick up a minority stake iYogi. This fresh funding will help iYogi to expand it’s business to Europe, West Asia and India in addition to it’s existing service bases in North America, Canada, the UK and Australia.

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Debjit does some excellent analysis of the Indian technology front and digital media news in India. He is passionate about all things Microsoft but loves open source too! Get in touch with him @dkd903