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LifeBlob.com Secures 1 Million $’s in Funding from SeedFund
(3 votes, average: 3.67 out of 5)
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Lifeblob.com the startup that presented at proto.in recently has closed 1 million $’s in funding from seed stage angel fund Seedfund which is led by the founder of Pinstorm Mahesh Murthy. (Source: Livemint)
Here are the details of the deal:
1) Its a traunched investment based on milestones
2) The deal was being discussed since march this year and got verbally confirmed prior to proto.in.
3) The termsheet and agreement was signed post proto.in
More details when we have an interview with the Founders up tomorrow.
We had caught up with Pranav and his Lifeblob team and did a WATShow with them during proto.in. Here is the video of them explaining their startup idea:
We had earlier reviewed Lifeblob on WATBlog and given it a thumbsup! Check out our earlier review.
Incase you are a startup and want to be reviewed on WATBlog send us a mail on info @ watblog.com
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Rajiv - thanks for your coverage of lifeblob. We have also moved out of closed alpha and the service is now open for everyone to sign up.
Hi Rajiv,
good coverage. I dont understand one thing that, the founders were looking for about 1-2cr in funding whereas Seedfund gave them over 4cr.
I dont know if lifeblob would actually be such a hit. I do like there idea of personal online diary thingy. Being an entrepreneur myself I know having a product in the already cluttered market gives a bit of a leverage.
But looking at lifeblob from a USP point compared to Plurk, Dipity and others I dont find any magnetic factor in this. Ofcourse, the team is good, the idea is good but having spent 4cr is a bit over the top. Now if marketing is given as the reason for the extra 2cr they raised, that is a crap talk to me.
But still congratulations to Pranav and others for raising a good funding from Murthy. I’ll keep a good eye on you guys for sure.
tc.