The Hindu Business Line : Sequoia invests Rs 25 cr in Printo

Bangalore, Oct. 25 Sequoia Capital Partners has invested Rs 25 crore in Printo Document Services, a printing retail chain. The investment will be used to expand the firm’s reach nationwide and ramp up. “The challenge now is to achieve scale & efficiency, without diluting quality of service,” said Mr Manish Sharma, Co-founder & Chief Executive Officer, Printo, in a release. Printo leverages digital and Web technologies to deliver print products. The potential of the Indian print and document services industry is currently estimated to be around Rs 1,700 crore. “As ‘Entrepreneurs behind Entrepreneurs’, we want to be contributors to companies that have chance to become very significant and also niche in their space. We are willing to support them in their endeavour of revolutionising the Indian print and document services and change the market contours radically,” said Mr Naresh Malhotra of Sequoia Capital. —

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