iYogi balances $30m pre-flotation round

Dec 13, 2010 • James Mawson

SAP Ventures, the corporate venturing unit of Germany-based enterprise software group SAP, reinvested in iYogi, alongside venture capital firms Sequoia Capital India, Canaan Partners, Draper Fisher Jurvetson (DFJ) and US bank SVB India Capital Partners.

India-based computer services company iYogi has raised $30m in its series D round ahead of a reported flotation potentially within the next six months.

In January, iYogi raised $15m in its series C round from DFJ, Canaan, SAP and SVB, after $12.6m across two…

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