Skift Take
Nokia's VC fund had been looking to invest in the advertising industry and found a good match in helping Vizury expand its online marketing tools to additional countries in Asia and South America.
Nokia Growth Partners, the VC fund owned by the Finnish handset giant, has led a $9 million series B funding round for Vizury Interactive, a travel industry-focused online marketing startup headquartered in India.
The injection of fresh capital, which includes participation from existing investors Ojas Ventures and Inventus Capital Partners, comes as the four-year-old startup reports impressive grow of 450 percent over the past year. The company’s client list includes some big names in travel — Webjet, Virgin Airlines, Expedia, MakeMyTrip, Jet Airways, Cleartrip and more — that use its retargeting solution which tracks potential sales leads that visit their website, serving them with advertisements across sites on its online network.
The Daily Newsletter
Our daily coverage of the global travel industry. Written by editors and analysts from across Skift’s brands.
Have a confidential tip for Skift? Get in touch
Tags: nokia