MapMyIndia receives funding from Kleiner Perkins and Sherpalo Ventures

MapMyIndia receives funding from Kleiner Perkins and Sherpalo Ventures

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India, 18 Apr 2007: CE Infosystems, the company which runs online map site MapMyIndia has received an undisclosed amount of investment from venture capitalist firms Sherpalo Ventures and Kleiner Perkins Caufield and Byers.

The official sources said that the funding agreement was signed early last year, and the money was received in September. Sandeep Murthy, Partner, Sherpalo Ventures, who also handles the investments for Kleiner Perkins in India confirmed the investment to ContentSutra. Murthy said that the money will be used for creating the highest quality GIS Information and converting it into navigable information. For more information visit www.mapmyindia.com