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Updated: ZipDial Raises Funds From 500 Startups, Times Internet Ltd

Update (December 19th 2012): It appears that Times Internet has invested in Zipdial as well: an undisclosed sum for a minority stake in an all cash deal. ZipDial informs that Times has been its customer for over 15 months and that it has run campaigns related to the Lokpal Bill, and Times Food Awards, among others, for the company. On the importance of the Times Internet funding, Wagoner has this to say: "The Times deal is significant as our first strategic investment. We have seen other companies in our space (not in India) leverage strategic investor relationships with key clients very well. This is our first foray into that approach. Given the proven positive relationship we have had with Times for nearly a year and a half, we were convinced that this would only prove to strengthen that relationship." Update (December 4th 2012): Speaking with MediaNama, Valerie Rozycki Wagoner, Founder and CEO ZipDial, has confirmed that they plan to use the funds raised to expand their operations in South Asia with Bangladesh launch in January 2013 and Indonesia, The Philippines, and Nigeria later that year. The company provides cross volume fees package for large and small customers. For large customers, it charges anywhere from $10,000 per month and also has packages for small customers starting from Rs 1000 per month. As mentioned earlier, the business model is easy to replicate and there are companies in the market that offer verification of mobile number as a consolidated package. ZipDial claims that it's an engagement platform…

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