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Hyderabad, Oct. 13

eYantra, an online brand merchandising and corporate gifting solutions major, has successfully concluded a $3.1-million Series A venture capital funding from Ventureast and Argonaut. “This funding will help us to consolidate our leadership position and also enable us to foray into direct Internet marketing by capitalising on our marquee client base,” Mr Phani N. Raj, Managing Director, eYantra, said in a release issued by the company. It added that a major usag e of the fund includes acquiring new clientele, launch of e-commerce initiatives, creating an intelligent customer analytics engine and building a world class distribution centre in Hyderabad, apart from geographical diversification.

— Our Bureau

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