Having been quiet from almost nine months since its joint investment in BharatMatrimony.com ($8.65 million along with Yahoo!), Canaan Partners has now invested around $2-5 million deal in a Delhi start-up that provides remote desktop services for US and UK customers.
While he did not divulge details, Deepak Kamra, general partner, Canaan, said: “We are closely looking at start-ups in the Internet and product development space. Even if the models are cloned from the West, we insist on a high level of localisation.” He, however, added that Web 2.0 companies are not on his “priority list”. “Yes, there’s a frenzy in the US over these models such as YouTube clones, etc. However, we are excited only about transaction-based models.”
