Nokia Growth Partners and Cisco join mutual fund company Fidelity International in Netmagic Solutions' $12.5m latest round.
Netmagic Solutions, an India-based provider of managed information-technology hosting services, has raised R70crores ($12.5m) in a round led by mobile phone maker Nokia’s corporate venturing unit and computer server group Cisco Systems.
Nokia Growth Partners, Cisco, mutual fund company Fidelity International and Nexus Venture Partners made up the investment consortium that will expand the number of data centres the company uses in large cities.
Fidelity and Nexus had previously invested R80crore in February 2008. Netmagic had received an initial $4m from eVentures in 2000…
