Mobile Community Website SMSGupShup Gets $10 Million From Helion & Charles River

Entities Mentioned

• Rediff
• Helion Venture Partners
• VC Circle
• Charles River Ventures
• Pvt Ltd
• Beerud Sheth
• Rakesh Mathur
• Elance
• Rediff.com India Ltd
• Hummer Winblad Venture Partners
• Mumbai Festival

1. SMSGupShup.com, a service that helps users create mobile communities, has raised $10 million from Helion Venture Partners and Silicon Valley venture firm Charles River Ventures. Both the VC funds are putting in $5 million each in the company, sources have confirmed to VC Circle (here is a plug on it).
   
   SMSGupShup is owned by Webaroo Technology (India) Pvt Ltd, an arm of Webaroo Inc, whose founders include Silicon Valley based serial entrepreneurs Rakesh Mathur (founder of Armedia, Junglee, Stratify) and Beerud Sheth (founder of Elance). Webaroo had started with a software product ... (Read Full Article)
   
   

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