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The Ecominic Times 15 october 2008

HYDERABAD : e Yantra,a brand merchandising and corporate gifting solutions company, has received $ 3.1 million Ventureast. “The funding will help us to consolidate our position in the internet industry and also enable to foray into direct internet marketing by capitalizing on our clientele,” said e Yantra MD Phani N Raj.

Financial Express 15 october 2008

e Yantra conclude $3.1million series A funding from Ventureast, one of the earliest venture fund managers from India , and Argonaut, a globally active PE fund manager. Ventureast has pioneered early –stage technology investing in India over the last 12years and has over $ 300 million under their management Argonaut Private Equity is a diversified global private equity fund dedicated to building market leaders with over $ 3.5 billion under their management.

Despite the current Wall Street crisis and other volatile market conditions, e Yantra has successfully concluded a $3.1-mn Series A funding from renowned venture capitalists Ventureast, one of the earliest venture fund managers from India , and Argonaut, a globally active PE fund manager. Vetureast has investing in India over the last 12 years and has over $300 million under their management. TNN

Business Line 14 october 2008

eYantra, an online brand merchandising and corporate egifting solutions major, has successfully concluded a $3.1-million Series A venture capital funding from Ventureast and Argonaut. “this funding will help us to consolidate our leadership position and also enable us to foray into direct internet marketing by capitalizing on our marquee client base,” Mr Phani N.Raj, Managing Director, e Yantra, said in a release issued by the company. It added that a majore usage of the fund includesds acquiring new clientele, launch of e-commerce initiatives, creating an intelligent customer analytics engine and building a world class distribution centre in Hyderabad, apart from geographical diversification . -Our Bureau