IMI Mobile eyeing more acquisitions In Eu & USA

It has just raised $13 million from Sequoia Capital and First Mark Capital in the third round of funding and will utilise it to grow its portfolio of services and add more accounts by acquiring firms outside India.

Remember that Sequoia Capital is also invested in another mobile VAS company - Comviva.

This was used to expand its local development teams, research and development and for overseas expansion.