|
Rediff.com Stage: Venture Date of Investment: 1999 Web Site : http://www.rediff.com Stock Symbol : NASDAQ: REDF |
 |
Located in Mumbai, India, Rediff is the leading India focused, Internet "portal" providing news, information, entertainment, and e commerce services. Currently, Rediff is positioned as a media company for Indians all over the world. Rediff's growth has largely been driven through the acquisition of two offline businesses in the U.S. - India Abroad and Valucom. India Abroad is a newspaper in the U.S. serving the Indian ethnic community on the East coast, and Valucom offers pre-paid calling cards on the Internet to Indians in the U.S. Warburg Pincus invested in the company in 1999 to provide expansion capital. The investment is centered on the belief that the potential for India related information and e-commerce services is significant, and that Rediff will be able to build and sustain a dominant presence for all India related activities in the Internet space. Rediff became a public company through an ADR listing on NASDAQ in 2000.
