I am happy to share that Canaan Partners and SVB have invested $3.1m in iYogi. iYogi provides multi-vendor desktop support to consumers and SMBs around the globe, using delivery capability in India. We have spoken in the past about the way Indian BPO industry is evolving (here and here), and one of the key aspects is ownership of end-consumer brands and relationships — iYogi is an example of that evolution. It brings together the power of Internet in terms of market reach, and the proven delivery capability out of India. iYogi is addressing an underserved multi-billion dollar market, using the disruptions created by these two factors.
iYogi is an early stage investment in a company led by very energetic and enthusiastic founders in Uday and Vishal. I invite you in joining me to wishing them the very best of luck!
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They make a great team – Vishal and Uday and I think it’s a very interesting business they have put together. Congratulations Vishal, Uday and Alok.
Cheers.
Rajesh
Hi All,
Another good investment there. I believe getting funded is the most important milestone for a startup in today’s scenario. The founders can put in all the efforts to get good clients and deliver exceptional service quality. But to take it to the next level, more so in the services industry, funding/investment is imperative. And it is even better if the funding comes from people with backgrounds as in Cannan.
Good luck ahead!
SureV
Hi Alok,
Congrats on your decision,
BTW is this similar to qsupport? There was a site doing something similar during the dotcom boom!
Considering that the typical PC market abroad is extensively vendor driven (which case, support may also be through vendors alone), the viability of this model is much more promising in India where people have assembled PCs and no method of support.
Good Luck !
Hi Alok
Congrats on the decision. Good to see Canaan tapping a different space. I wish you and the people behind iyogi all the best.