wordpress blog stats
Connect with us

Hi, what are you looking for?

Updated: Webaroo Raises $10 Million In Funding: Report

Update: Ashish Gupta of Helion Venture Partners has, in an emailed response, told WATBlog that “we have not done any funding for Gupshup.” That, of course, doesn’t mean that the deal isn’t in process. Do note that we haven’t received a definitive statement from Webaroo, and no response yet from Helion, but we do have a copy of the mail sent to WATBlog

Original post (July 4): Mobile startup Webaroo has raised $10 Million in funding from Helion Venture Partners and Charles River Ventures, according to Pluggd.in. The report is unconfirmed, and though we’ve tried, we haven’t yet received a confirmation or a denial from the company.

About
Over the past couple of months, we’ve heard about Webaroo looking for funding. Webaroo has a couple of mobile based products – the first is an application that helps store web-pages for offline usage on desktop and mobile, with several customized “packs” of content like on Football, Delhi, Manchester United etc. The second is an SMS based social application that allows users to communicate with their subscribers via SMS – similar to a newsletter on the Internet.

Previous Round
The company had previously raised $7.5 million of $10 million in a second round of funding: investors include Cambrian Fund, Lloyd George Asian Plus Fund and HTSG.

We’ll have an update on this in the evening, so…watch this space.

You May Also Like

News

Paytm has hived off its payment gateway business into a separate entity, Paytm Payments Gateway Service Pvt Ltd, and has infused ₹100 crore worth...

News

Restaurant aggregator and food delivery company Zomato has raised US$660 million (over ₹4,850 crore), taking its valuation to ₹3.9 billion. CEO Deepinder Goyal tweeted...

News

Info Edge Venture Fund has raised ₹375 crore from MacRitchie Investments, a subsidiary of Temasek Holdings, according to a stock exchange filing. The venture...

News

By Pallav Pradyumn Narang One of India’s most notable and successful angel investors Sanjeev Bikhchandani has come out vociferously against the trend of Indian...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2018 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to Daily Newsletter

    © 2008-2018 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ