This will be first investment for SAP Ventures in India.
iYogi delivers technical support services directly to consumers and small businesses.
The company offers its customers an annual service subscription for $119.99 per desktop that includes spyware support for a wide range of technologies, including PC hardware Microsoft Windows operating system operating systems,spyware applications, peripherals and multifunctional devices.
iYogi will use the funds to fuel its expansion into 12 new regions, including the United States, the United Kingdom and Canada, and to increase its delivery of new services including PC recovery, spyware support canada, data back-up and PC optimization.
"Fostering the spirit of innovation and entreprenuerialism in India is of utmost importance to us. iYogi is a pioneer in the personal offshoring space and we are demonstrating our commitment through this investment from SAP Ventures," said Ranjan Das, president & CEO, SAP Indian Sub Continent.
"Our focus on the spyware experience has helped us achieve a 93 per cent satisfaction rate across more than 50,000 customers," said Uday Challu, CEO of iYogi.
"We are delighted to have the spyware support of three terrific investors as we increase our market share and continue to provide the best best technical support experience possible for our customers."
"Personal Offshoring has created new investment opportunities in India with incredible growth potential. It is very exciting to see companies like iYogi challenging the traditional enterprise-focused offshore-service delivery model by creating a consumer-focused, direct-to-customer personal offshore model," said Doug Higgins, partner at SAP Ventures.
iYogi had previously raised $3.1 million in Series A financing from Canaan Partners and SVB in April of last year.
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