Internet giant Yahoo! has taken a 30 per cent stake in Info Network Management Company (Inmac) for an undisclosed amount. Chennai-based Inmac is more popularly known by its consumer brand, Call Ezee, a telephone directory search service currently covering 14 cites across India, including Mumbai, Delhi, Chennai, Bangalore, Hyderabad and Kolkata.

Consumers can call the local Call Ezee number from any mobile or fixed line phone and request contact details of any business, or a list of businesses that offer the product or service they are looking for. Inmac expects the funding provided by Yahoo! to enable it to continue to develop its team and technology as it seeks to triple its reach across India over the next two years.

Keith Nilsson, SVP and Head, Emerging Markets, Yahoo! Inc, said, "The Indian local search market is seeing significant changes, as more consumers are using mobile phones to search for and find local businesses."