Canaan Partners, along with SVB Financial Group, has invested $3.1 million in a Delhi-based computer support startup iYogi. The company provides live computer support on the phone and via remote access for home and small businesses.
The investment will be used to expand iYogi’s service offerings, sales and marketing programs, and to enhance delivery operations in India, a release said. Alok Mittal, Canaan’s Executive Director in India, will join the board of iYogi. This is the second investment in India for Canaan. It had earlier invested $8.5 million in BharatMatrimony.com alongwith Yahoo India.
Canaan is focused on early stage deals or Series A investments in India. iYogi is headquartered in Gurgaon, near Delhi, and provides computer support via phone and remote access for home and small business users globally. It charges $9.99 for a single incident and $89.99 for an annual subscription or unlimited incidents.
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