asklaila.com closes USD.$10 Million in second round funding

Bangalore, India, September 27, 2007

Attracts capital from Lightspeed Ventures, Matrix Partners and SVB India Capital Partners to further expand its market-presence

asklaila (www.asklaila.com), India’s local information service today announced the closing of a USD. $10 Million round of series B funding led by Lightspeed Venture Partners. SVB India Capital Partners also joined the round as well as existing investor Matrix Partners India. asklaila will use this funding to scale up its operations and deploy its service across the country.

asklaila allows users to search, discover and review local services and businesses. It provides not just listings, but also richer information set through editorial and user reviews. The service has several innovative features such as proximity search, SMS, editorials and user reviews etc.

“This new round of funding reinforces and furthers our aim to be the leader in this emerging space,” explained Kiran Konduri, co-founder, Four Interactive. “We have seen tremendous growth in the usage of our service by both consumers and local business. This funding will allow us to expand our operations to service the growing demand for local information countrywide.”

“This is a significant investment and it will help us accelerate our growth. We have a big ambition of making access to accurate and relevant local information easy. In Matrix Partners, Lightspeed Ventures and SVB we have found partners who are equally committed,” said Shriram Adukoorie, co-founder, Four Interactive.

“The significant growth in India’s consumer economy coupled with the dramatic increase in telephony subscribers is fueling the market opportunity for local information services. asklaila has raised the bar in the local information services space in India and is well positioned to be a leader in an important new space.” said Jake Seid, General Partner, Lightspeed Venture Partners.

“The significant investor interest in asklaila is a further validation of the high quality management team and potentially large market opportunity in local information services.” said Rishi Navani, Managing Director, Matrix Partners India.

About Four Interactive:
www.asklaila.com is service of Four Interactive Pvt. Ltd., headquartered in Bangalore, India. Four Interactive is focused on building easy to use services that are at the intersection of the mobile, content and the online world for Indian consumers. The company’s mission is to connect consumers with local businesses. Four Interactive is co-founded by Shriram Adukoorie, who was previously country manager for MSN South Asia, and successful serial entrepreneur Kiran Konduri, who has co-founded and managed two startups Zephyr Software and Cogniti. More information on Four Interactive is available at www.asklaila.com/aboutus

About Lightspeed Venture Partners:
The partners of Lightspeed have invested over $800M in more than 100 technology companies over the past two decades and invest across the U.S., China, India and Israel. Lightspeed has contributed strong operational and sector expertise to market leaders such as Blue Nile, Brocade, Ciena, eHealthinsurance, Galileo Technology, Informatica, Kiva Software, Metasolv, Phone.com, Quantum Effect Devices, Riverbed, Sirocco, Virsa Systems and Waveset, working closely with these companies throughout the early stages of their business development lifecycles. www.lightspeedvp.com

About Matrix Partners India:
Matrix Partners India, co-founded by Avnish Bajaj & Rishi Navani along with Matrix Partners US, is focused on being the trusted partner in providing risk capital to build market leading consumer services companies. Matrix Partners India invests $10 million+ over multiple rounds with an initial investment ranging from $500K to $10 million in consumer services businesses targeting the Indian market in the Internet, mobile, financial services, hospitality, food & beverage, media & entertainment, healthcare, travel etc. sectors. The fund's investors include leading US university endowments & family foundations. Further information is also available at www.matrixpartners.in

About SVB India Capital Partners Fund:
SVB India Capital Partners Fund is a $54 million equity fund that is focused on Indian companies and co-invests across industries and stages with top-tier venture capital firms. SVB India Capital Partners is a member of diversified financial services company SVB Financial Group (Nasdaq: SIVB).