Yahoo has picked up appoximately 30% stake in Info Network Management Company, a Chennai headquartered phone directory search service. Yahoo will appoint one director to INMCs board. The amount invested has not been disclosed, nor has Yahoo mentioned whether it is a cash deal, or a stock deal. [Via release] About According to their website, INMC was set up in 1998, and launched a portal Indiastudentinfo.com. The tele information business, Call Chennai, was established in 2005. The company is a part of the Unicard Group of Companies, which consists of Unicard Marketing, Unique Farms and Holidays, apart from INMC. Revenues and Targets INMS claims to have generated revenues of Rs. 4 crores in 2007-08, and plans to achieve double that revenue by the end of the 2008-09 fiscal, and Rs. 24 crores by 2009-10. The company employs around 450-500 people, and plans to increase headcount to 2000 by the end of next year. Operations Call Ezee is present in 14 cities in India, and plans to expand its network to 26 cities by 2010. They claim to generate 10,000 calls per day, which appears to be very low - an average of 715 calls day per city, or just around 60 calls per hour per city if you assume a 12 hour call center. More on synergy, business model and competition Synergy? INMAC will probably provide local business information data to Yahoo Local, and could provide phone based support to Yahoo Local. Remember that Google also has also launched local…
