ClearTrip Travel Services, a Mumbai, India-based travel website operator, has raised $18.5 million in Series C funding, venture capital firm Draper Fisher Jurvetson led the round with $10 million investment, while Mahindra Group and the four VC firms that had previously invested in Cleartrip pumped in the rest $8.5 million. Which brings the total investment in the company to $30.2 million. The company flush with funds would use the money to improve its online and offline presence.
Sandeep Murthy, chief executive officer, Cleartrip, has said “now that the company has taken more funds than required, it will use the money to improve the website’s services and build the company’s offline presence and for acquisitions.”
ClairMail’s breakthrough technology allows companies to offer convenient, secure and always-on 2-way mobile services to their customers by using any mobile phone’s existing software and standard capabilities. They designed the ClairMail system to be straightforward for companies to implement and intuitive for their customers to use.
ClairMail was formed by an experienced team who recognized the power and potential of mobile phones to change the landscape of customer interaction.
Meetmoi, the mobile dating start-up with hopes to revolutionize social networking with the first truly location-based mobile dating service.
Meetmoi service allows registered members to meet and date other users simply by sending a text message from their phone with a specified location. Meetmoi then registers the user as “available” and sends the user’s profile and photo via text message to other users who meet specified criteria and are within a proximity preference. Members have the option of preserving their anonymity while chatting through the gateway of Meetmoi.
UpDown.com, a new social networking site for virtual investing,is launching a $10,000 student investing contest that begins March 1st 2008 and goes through the end of May’2008.
Awards: Compete to win more than $10,000 in prizes for the highest portfolio returns and the most powerful stock analysis.
SellPoint, Inc., the leading provider of on-demand video product tours, has secured $7 million in series C funding from Granite Ventures, LLC and previous investor Menlo Ventures LLC. SellPoint will use this additional funding to fuel current momentum and expansion of its business.
SellPoint doubled its client roster in 2007. Key brands such as Brother, Canon, Epson, Fuji, Hitachi, Panasonic, Pentax, SanDisk, and TiVo choose the company’s Active Product Tours� to present their products to online shoppers. In addition, SellPoint added numerous retailers to its Retail Syndication Network, which includes over 100 of the top online retailers such as Amazon.com, Best Buy, Buy.com, Circuit City, Costco.com, OfficeMax, Sears, Staples, Toys R Us Wal-Mart, and more.
February 29th, 2008 by Social Guy
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