PRTODAY / NewswireToday Free press release distribution service network

Written by / Agency / Source: PRHUB

Check Ads Availability|e-mail Article

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Printo Receives Strategic Investment from Sequoia Capital - Sequoia Capital Investment to fund Printo’s national expansion
Printo Receives Strategic Investment from Sequoia Capital


NewswireToday - /newswire/ - Shantinagar, Karnatka, India, 2007/10/26 - Sequoia Capital Investment to fund Printo’s national expansion.

Your Banner Ad Here instead - Showing along with ALL Articles covering Printing/Copier/Scanner Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


Printo Document Services Pvt. Ltd (Printo), India’s first organized retail venture which has drawn out an ambitious pan India roll out plan for its print & document services chain, with an investment of over Rs 1000 million, today announced that Sequoia Capital Partners, one of the world’s premier venture capital firms, has made a strategic investment to a tune of Rs 250 million in Printo.

The Investment by Sequoia Capital would be a big boost for Printo as it validates the need for a professional provider of print solutions and reiterates the potential of the Indian print & document services industry, currently estimated to be around Rs 170,000 million. The investment by the venture capital major, marks coming of age for the Indian print & document services sector which hitherto was predominantly run as mom & pop stores in the unorganized segment.

In his comments Naresh Malhotra of Sequoia Capital, said, “As ‘Entrepreneurs behind Entrepreneurs’ we want to be contributors to companies that have chance to become very significant and also niche in its space. Printo has embarked on a mission which was the preserve of unorganized players and not many had ventured at least in Indian sub-continent. We are willing to support them in their endeavor of revolutionizing the Indian print & document services and change the market contours radically.”

According to Manish Sharma, Co-founder & Chief Executive Officer, Printo, “Our innovative tech-enabled business model and focus on customer service has found a strong buy-in from corporate as well as the retail consumer. The challenge now is to achieve scale & efficiency, without diluting quality of service. Sequoia’s investment would help us ramp up fast and spread our reach nationwide. We are delighted to partner with a fund that has the right blend of financial and intellectual capital to help Printo’s team deliver on our vision to change the way India prints.”

Printo, India’s first branded retail chain for print & document services, leverages digital & internet technologies to deliver print products of international standards. Besides regular print services, the company has a novel concept wherein customers could pick and choose from its template bank and customize it to their taste. Such product-based solutions straddle marketing collateral, business cards, brochures, posters, invitations, dairies, timetables, calendars, personalised greeting cards, etc. The company which has already opened six stores in Bangalore, plans to open 250 retail outlets over the next three years, across the country.

About Sequoia Capital
Sequoia Capital provides startup venture capital for very smart people who want to turn ideas into companies. As the “Entrepreneurs Behind the Entrepreneurs”, Sequoia Capital's Partners have worked with innovators such as Steve Jobs of Apple Computer, Larry Ellison of Oracle, Bob Swanson of Linear Technology, Sandy Lerner & Len Bozack of Cisco Systems, Dan Warmenhoven of Network Appliance, Jerry Yang & David Filo of Yahoo!, Jen-Hsun Huang of nVIDIA, Michael Marks of Flextronics, Larry Page & Sergey Brin of Google, Chad Hurley & Steve Chen of YouTube and Steve Goldman & Sujal Patel of Isilon Networks.

About Printo
Founded in 2006, Printo Document Services Pvt. Ltd. is an innovative venture that seeks to capitalize on the opportunity presented by the unorganized Rs.170,000 million market for print and document services in India. Promoted by Manish Sharma and Lalana Zaveri, who between them have 23 years of expertise in digital printing, manufacturing and IT services, Printo is experiencing exponential growth in all its areas of operations. The start-up has the backing of Seedfund (an early stage venture fund) and individuals like Pravin Gandhi (co-founder, Hinditron and SeedFund), Sridar Iyengar (Director, ICICI, Infosys and and Raju Venkatraman (President & COO, ICICI OneSource) as advisors and investors.

Your Banner Ad Here instead - Showing along with ALL Articles covering Printing/Copier/Scanner Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


Written by / Agency / Source: PRHUB


Availability: All Regions (Including Int'l)


Traffic Booster: [/] Quick Newswire Today Visibility Checker


Distribution / Indexing: [+]

# # #
  Your Banner Ad showing on ALL
Printing/Copier/Scanner articles,
CATCH Visitors via Your Competitors Announcements!

Printo Receives Strategic Investment from Sequoia Capital

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

Publisher Contact: Lakshmi 
22483007 lakshmi[.]
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any PRHUB securities in any jurisdiction including any other companies listed or named in this release.

Printing/Copier/Scanner via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Read Latest Articles From PRHUB / Company Profile

Read Printing/Copier/Scanner Most Recent Related Newswires:

Posiflex Showcases the Latest Range of POS Technologies at GITEX 2016
Lexmark Wins XCelent Award for Advanced Technology in Omnichannel Customer Acquisition
Print Audit Launches New Website
Lexmark Introduces on Device and Server Based Mobile Capture Extraction for Payment Cards
Lexmark Expands Robotic Process Automation Capabilities
Print Audit Announces Moderator/MC for the 2016 Top 100 Summit
Princeton Based Company, Sensoprint Introduces 'Sensory' Business Cards on Paper, Wood, Metal and PVC
Lexmark Honored with Three Manufacturing Leadership Awards
Lexmark Named Finalist in OC Tech Alliance High-Tech Innovation Awards
Lexmark Sweeps Buyer's Laboratory, Inc.'s Summer Pick Color Printing Awards
Lexmark Named A Leader in Quocirca MPS Vendor Landscape Fifth Consecutive Year
Print Audit Earns the MPSA’s Prestigious 'MPS Software Provider' Award for 2016
Posiflex Releases AURA-7600 - A True Space-Saving Printing Solution
Print Audit Announces PrintReleaf Integration
Top 100 Executive Council Releases SBB Marketing Materials

Boost Your Social Network
& Crowdfunding Campaigns

NewswireToday Celebrates 10 Years in Business


Visit  MagLar, Inc.

Visit  NAKIVO, Inc.

  ©2016 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (