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Carwale.com the standalone auto classifieds portal that raised seed funding from SeedFund in 2006. Now Carwale has raised their A series funding from Sierra Ventures (which also are one of the limited partners in seed fund) of about 7 million dollars. With is funding Tim Guleri and Vispi Daver of Sierra Ventures will join the [...]

Instablogs the blog network which was showcased at last Proto.in has raised funding from Vishal Gondal who as most people might remember is the Founder and CEO of Indiagames 51% of which was acquired by UTV group last year. According to our sources the funding is within the range of 500-800k $ (approximately 2-3.5 crores) at a valuation of 7 million $ i.e. 30 crores approximately.

India is very connected on linkedin as alexa statistics would show you that linkedin is ranked as the 144th most popular site in India (which is higher than its global rank of 191) contributing about 6.8% to the overall traffic on linkedin second only to the United States. So I do expect some India specific applications/additions to linked in over time.

Talk about the roof giving way and a windfall of money falling from it and it just doesn’t stop raining money! Im sure if one were to visit the cleartrip office in mumbai a similar scene atleast in context of the news just in can be visualized. So more funding has come into the [...]