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November 27, 2012

Deal Alert: AdNear raises Rs.35-Cr from Canaan, Sequoia


Bangalore-based AdNear, which offers a location-based mobile advertising platform, has raised Rs.35 crore in a first round of funding from VC firms Canaan Partners and Sequoia Capital India. The funds will be used by the start-up to expand its presence across the Asia-Pacific region, including Australia and New Zealand, as well as towards building its team.