VCCircle reports that Ideacts Innovations, which makes advertising products targeted towards cybercafes, has raised series B funding of about $5-9 million from Sequoia and Silicon Valley Bank. They have partnered with about 3700 cybercafes and number of terminals increased from 2000 to 21,000 since the last funding round.
They claim that revenues have increased 200% month over month since launch and hope to break even in the next 4-5 months.
