wordpress blog stats
Connect with us

Hi, what are you looking for?

Yahoo Picks Up 30% Stake In Local Info Company INMC

Call Chennai

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…

Please subscribe/login to read the full story.
Written By

Founder @ MediaNama. TED Fellow. Asia21 Fellow @ Asia Society. Co-founder SaveTheInternet.in and Internet Freedom Foundation. Advisory board @ CyberBRICS

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

Studying the 'community' supporting the late Sushant Singh Rajput (SSR) shows how Twitter was gamed through organized engagement

News

Do we have an enabling system for the National Data Governance Framework Policy (NDGFP) aiming to create a repository of non-personal data?

News

A viewpoint on why the regulation of cryptocurrencies and crypto exchnages under 2019's E-Commerce Rules puts it in a 'grey area'

News

India's IT Rules mandate a GAC to address user 'grievances' , but is re-instatement of content removed by a platform a power it should...

News

There is a need for reconceptualizing personal, non-personal data and the concept of privacy itself for regulators to effectively protect data

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ