Tyroo Media has announced that its original seed investor, Yahoo! Inc. has sold their shareholding in Tyroo to Xplorer Capital.
Manish Vij, Founder of Tyroo, said, "We are very excited to be part of Xplorer Capital. The partners of the fund carry a great amount of experience and respect in the global digital media industry. This change will positively impact our company's growth and will further strengthen our position in India and as we expand in the APAC markets."
Keith Nilsson, General Partner, Xplorer Capital said, "I am very excited about the Tyroo business and spending more time with Manish and his management team. We think Tyroo is uniquely positioned to capitalize on the online advertising growth in India, which appears to be hitting an inflection point, by providing advertisers with a compelling mix of products and services."
