<article>Silicon Valley-based venture capital firm <a style="color: #000080;" href="http://www.dealstreetasia.com/?s=Sequoia+Capital" target="_blank">Sequoia Capital</a>, through its fund Sequoia Capital India Investments III, has part-exited its investment in <a style="color: #000080;" href="http://www.dealstreetasia.com/?s=just+dial" target="_blank">Just Dial</a> through bulk deal on Thursday.</article>

Silicon Valley-based venture capital firm <a style="color: #000080;" href="http://www.dealstreetasia.com/?s=Sequoia+Capital" target="_blank">Sequoia Capital</a>, through its fund Sequoia Capital India Investments III, has part-exited its investment in <a style="color: #000080;" href="http://www.dealstreetasia.com/?s=just+dial" target="_blank">Just Dial</a> through bulk deal on Thursday.
As per the data available on NSE, the VC firm has sold 3.6 lakh shares (around 0.5 per cent stake) of Just Dial at Rs 960.92, pocketing Rs 34.6 crore ($5.2 million). Sequoia Capital estimated to receive around four times returns on the part-exit.
Sequoia Capital started selling stake in the company in 2013 and again sold part of it in late 2014.
The VC firm, which invested in Just Dial in 2009, is the largest institutional investor in the company.
Founded in 1994 by VSS Mani, Just Dial started offering local search services in 1996 under the Justdial brand and is now the leading local search engine in India. It provides the offerings through multiple platforms, such as the internet, mobile Internet, over the telephone (voice) and text (SMS).
Singapore government owned investment firm <a style="color: #000080;" href="http://www.dealstreetasia.com/?s=temasek" target="_blank">Temasek</a>, another investor in the company, <a style="color: #000080;" href="http://www.dealstreetasia.com/stories/temasek-buys-1-in-indias-just-dial-for-14m-report-9288/" target="_blank">invested</a> more money in July 2015, to hike its holding in Just Dial.
Before that in May, Tiger Global exited its investment in the company by selling 5.37 per cent for Rs 408 crore through open market transactions.
Also Read: <a style="color: #ff0000;" href="http://www.dealstreetasia.com/stories/india-can-justdial-ride-the-internet-wave-with-search-plus-13041/" target="_blank">India: Can JustDial ride the Internet wave with Search Plus?</a> 
 <a style="color: #ff0000;" href="http://www.dealstreetasia.com/stories/sequoia-capital-plans-a-new-800m-fund-for-india-11826/" target="_blank">Sequoia Capital plans new $800m fund for India</a> 
 <a style="color: #ff0000;" href="http://www.dealstreetasia.com/stories/sequoia-capital-raises-new-funds-increases-asia-exposure-17101/" target="_blank">Sequoia Capital raising two new funds, to increase Asia exposure</a>

Sequoia Capital through its fund Sequoia Capital India Investments III, has part-exited its investment in Just Dial through bulk deal on Thursday.

India: Sequoia part-exits Just Dial, sells chunk of shares for over $5m

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India: Sequoia part-exits Just Dial, sells chunk of shares for over $5m

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