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Yahoo Sells Tyroo Stake To Xplorer Capital; Tyroo FY10 Financials

So, it’s official: Yahoo has sold its stake in Tyroo Media to Keith Nilsson’s Xplorer Capital. Nilsson ran Yahoo’s corporate development and emerging market operations for over 10 years, and in a statement, Tyroo founder Manish Vij says that Tyroo will look to expand further into APAC markets. While there is no information yet on how Tyroo did in the financial year ended 31st March 2011 (FY11), during the previous fiscal, the company had turned profitable. It reported, in FY11:

– Total Income: Rs 6,35,50,942, up from Rs 4,02,39,761 the previous fiscal
– Profit Before Tax: Rs 64,84,994, compared to a loss of Rs 1,83,84,731 the previous fiscal
– Profit After Tax: Rs 61,26,020, compared to a loss of Rs 1,89,72,715 the previous fiscal

During the same period, Tyroo competitor Komli Media had reported the following: an income of Rs. 8,61,90,217, and a loss of Rs. 6,81,70,538.

Also, there appears to have been a restructuring at Tyroo: it operates Tyroo Direct, which is a performance based advertising network, focused on user acquisitions and enabling transactions, and Tyroo Audience, which is a rich media advertising network which is display focused.

Yahoo had bought a 35% stake in Tyroo in an all cash deal in 2007, to get access to Tyroo’s ad inventory and publisher clients in the Indian market, and vice-versa. It recently exited Consim Info, the company that runs BharatMatrimony.com and Indiaproperty.com, and sold its stake to Bessemer Venture Partners, Mayfield Fund and Canaan Partners. There is word that Yahoo is also planning to exit CallEzee, a local information business.

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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.

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