Two PE firms, Sequoia Capital and First Mark Capital, have invested $13 million in the Hyderabad-based IMImobile.

Two PE firms, Sequoia Capital and First Mark Capital, have invested $13 million in the Hyderabad-based IMImobile. The mobile value-added service provider will use these funds to make acquisitions in Europe and the US. The company is targeting to close one buyout by end-2010.