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Sequoia
Capital invests to a tune of Rs 250 million in Printo Document Services. Printo
has six stores in Bangalore, plans to open 250 retail outlets over the next
three years, across the country.
Printo Document Services announced that Sequoia Capital
Partners 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.
Printo delivers 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, personalized 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.
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