Mumbai-based mobile advertising firm mKhoj (khoj meaning Search in Hindi) is receiving USD7.1m in funding, with the round seeing participation from Kleiner Perkins, Caufield & Byers and Sherpalo Ventures.
mKhoj launched in 2006 as a mobile local shopping search service but has now moved to providing targeted ad distribution solutions for its clients and allowing online publishers to generate revenue through contextual advertising.
No information was given as to how the funding will be spent. mKhoj clients include Barcalys Bank, Lawrence & Mayo and Network 18. Company founder Naveen Tewari previously worked for telecoms-focused VC investment firm Charles River Ventures.