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Mobile ad network mKhoj gets $7.1 million from KPCB, Sherpalo Ventures

Mobile advertising network mKhoj Solutions has received $7.1 million from Kleiner Perkins, Caufield & Byers and Sherpalo Ventures. mKhoj had earlier raised $500,000 from The Mumbai Angels.

Mobile advertising network mKhoj Solutions has received $7.1 million from Kleiner Perkins, Caufield & Byers and Sherpalo Ventures. mKhoj had earlier raised $500,000 from The Mumbai Angels.

“mKhoj was launched in November 2006 as a local search service that helped mobile users search for attractive shopping deals in their vicinity. When this did not take off as expected, the founders quickly transitioned the company into a mobile advertising marketplace,” writes Kiruba Shankar on TechCrunch.

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