Web Startups can look at a brighter future

By Rajiv Dingra • July 12, 2006

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With the rising interest in Web 2.0 , innovative attitude of Indian Entrepreneurs and the pouring of funds in the Indian Market by Venture Investors shows very good signs for Internet Startup companies. In the last one year nine Indian internet ventures got funding to the tune of $80 million from VC funds.

THE COMPANIES THAT GOT FUNDED

Bill desk ($5 million) - Clearstone Ventures
24×7 Learning ($10 million) - KITVEN & 2 Private investors
Yatra Online ($5 million) - Reliance Capital, Norwest VC, TV18
Cleartrip.com ($3 million) - KPCB, Sherpalo
Travelguru ($10 million) - WestBridge Capital
Naukri.com ($10 million) - KPCB, Sherpalo
Shaadi ($8 million) - WestBridge
Jobstreet ($2 million) - TV18
Times Internet ($7 million) - WestBridge
Makemytrip ($10 million) - SAIF Capital Partners

Besides the above websites like Burrp.com and Sixer.in have got angel funded

(Source: ET; market estimates)

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Categories: Startups, Web
Tags: venture fund, web start up

About the Author

Rajiv Dingra

Rajiv is a prolific blogger who has over 1000 blog posts to his credit at WATBlog. The Founder & CEO of WATMedia our parent company and the Chief Blogger at WATBlog, he has been the driving force of the WAT Evolution. Rajiv does some excellent analysis of the digital media industry in India and often brings out deep insights with his inimitable style of interviewing. Just mail rajiv|at|watblog|dot|com and it will reach him..