iProf Closes Rs. 22 Crores Series A Round of Funding Led by Norwest Venture Partners and IDG Ventures India

About Norwest Venture Partners (NVP)
Norwest Venture Partners (NVP) is a global venture and growth equity investment firm that manages more than USD 3.7 billion in capital. Headquartered in Palo Alto, California, NVP has subsidiaries in Mumbai and Bengaluru, India and Herzelia, Israel. NVP makes early to late stage venture and growth equity investments in U.S. and global companies across a wide range of sectors including: information technology, business services, financial services, infrastructure, technology enabled services and consumer. NVP has actively partnered with entrepreneurs to build great businesses for more than 50years and has funded nearly 500companies since inception.

Current and notable NVP investments in India, China and the U.S. include AdChina, Admeld, Airespace (acquired by Cisco Systems), Asian Genco Pte Ltd (AGPL), Borqs, BranchOut, Brand.net, Brocade, Cast Iron Systems (acquired by IBM), Cerent (acquired by Cisco Systems), Corio (acquired by IBM), Documentum (acquired by EMC), Extreme Networks, Forte Software (acquired by Sun Microsystems), Jigsaw (acquired by Salesforce.com), Kace (acquired by Dell), Kayak, Komli Media, Lashou, LifeSize Communications (acquired by Logitech), ngmoco (acquired by DeNA), NSE (National Stock Exchange of India), Omneon (acquired by Harmonic), Open-Silicon (acquired by Unicorn Investment Bank), PCH International, PeopleSoft (acquired by Oracle), Persistent Systems (NSE: PERSISTEN.NS), Playdom (acquired by TheWalt Disney Company), Polycom, Quikr, Rackspace (NYSE:RAX), Ratnakar Bank, Sadbhav Infrastructure Project Ltd (SIPL), Shriram City Union Finance, Siara Systems (acquired by Redback Networks), SideStep (acquired by Kayak), Spinnaker Networks (acquired by Network Appliance), SPSS (acquired by IBM), Sulekha, Tivoli Systems (acquired by IBM), Verio (acquired by NTT), Winphoria Networks (acquired by Motorola), Yatra.com and Yipes (acquired by Reliance/Flag Telecom). For more information, please visit www.nvp.com.

About IDG Ventures India
IDG Ventures India is a US$150 Million early-stage venture capital fund investing in technology-related product and services companies. The fund is part of IDG Ventures, a global network of technology venture funds with over $3.7 billion under management, over 220 investee companies and 10 offices across Asia and North America. IDG Ventures makes investments on behalf of its Limited Partners, including its principal investor and sponsor, International Data Group (IDG), the world's largest IT media company. By combining the IDG platform - an unparalleled combination of global publishing, market research (IDC), and conferences and exhibition resources - with years of hands-on experience in early-stage company building, IDG Ventures helps its investee companies understand their markets better and penetrate them faster than their competition.

Leading technology companies that IDG Ventures has invested in include BabyCenter, F5 Networks, Netscape, Service Metrics and VA Linux in North America and Baidu, Ctrip, Sohu, Tencent and VinaGame in Asia. Our India portfolio consists of 3D Solid Compression, Apalya, Aujas Networks, ConnectM, iCreate, iProf, iViZ, Kreeda, Manthan Systems, Myntra, Ozone Media and Perfint.

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