Fresh Equity Lets PC Zone to Launch Portal
(Computers Today, New Delhi, 16-30th November 1999)

Fresh Equity Lets PC Zone to Launch Portal

Are venture funds here to stay? After Intel and Contest 2 Win, now it is the turn of the New Delhi based Multiple Zones India. The company publishers of The PC Zone, India's first computer catalogue- has just completed its first round of raising fresh equity from private individuals. Angel investor Gokul Tandan has picked up 40 percent in the company for Rs. 1.50 crore Multiple Zones International, UK holds another 40 percent, and the employees hold the remaining. Talks are on with a multinational IT major's investment arm for the second round of fund infusion. Say reports.