Social networking catching up in India

September 27, 2007 on 5:35 pm     No Comments

According to NASSCOM by 2010 there will be 100 million Internet users compared to 40 million now. As the internet users increase the social networking going up. In a span of a month BigAdda.com has now half million users

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Odnoklassniki.ru gets $1M: SN investment in Baltics

September 27, 2007 on 5:34 pm     No Comments

In a deal that happened in the far east, Forticom, a Baltic company owned by private equity funds Digital Sky Technologies and Tiger Global, acquired a 25% of Odnoklassinki.ru, a social network for classmates, for about $1 million. Odnoklassniki.ru has 4 million registered users and some 10% regular users.

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Ringtones are still hot; MVisible raises $6.5 million

September 27, 2007 on 5:30 pm     2 Comments

MVisible Technologies has gone for extension of it’ Series A round about which we had reported around the same but last year. The startup announced that it has raised $6.5 million in equity financing from Harris Preston & Partners, Morgenthau Venture Partners and New World Angels. From the product standpoint - mVisible technology enables independent musicians and artists to share and sell ringtones and wallpapers directly from their own websites or MySpace pages. Other smart upcoming ringtone players - Emotive(review), Vringo(review)

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GlobalGrind - StartPage + Music; Gets funded

September 27, 2007 on 5:17 pm     No Comments

So, now niche personalized page apps are coming up. Newest on the block is GlobalGrind that is looking to link advertisers to urban music enthusiasts online. The startup is backed by Russell Simmons, Accel Partners. Press Release

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Zude Public beta next week

September 27, 2007 on 5:10 pm     No Comments

Personalized webspace provider Zude is looking to go ahead with public beta next week. I have played around with the app but not really been able to figure out where it fits.  Besides that, oversized ads taking up majority of my laptop screen, I am ……. More next week.

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Waterfront Media raises big money

September 27, 2007 on 4:58 pm     No Comments

Good days for blogs continue as diet and health blog network Waterfront Media becomes another publishing company to raise big round of money. Waterfront’s 4th round was worth $25 million, led by Scale Venture Partners and joined by Foundation Capital, Rho Ventures, Time Warner Ventures, BEV Capital and Neocarta Ventures. Not sure how diluting was the 4th round for the founders.  {via}

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Shutterfly partnered with Delta

September 20, 2007 on 12:35 pm     5 Comments

Delta Skymile members can now earn the bonous miles . You can earn 10 miles for every dollar spent on shutterfly.

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Fotolog will be acquired by Hi-Media Group

September 20, 2007 on 12:24 pm     1 Comment

Fotolog one of the largest photo blogging site adding around 30,000 users perday has around 11 million users and 300 million potos will be acquired by France HI-Media group

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Digg website upgraded with new features but, feedback from community is not positive

September 20, 2007 on 12:05 pm     No Comments

Digg added more social networking features to its website and announced on the website about upcoming features on the website. The feedback from the user community about the revamped website is not positive

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Web 2.0 - Dow Jones VentureOne And Ernst & Young Survey

September 17, 2007 on 9:33 pm     No Comments

This global research study shows that investors have directed US$464.2 million into 101 deals worldwide in the 1st half of 2007, which is the highest 6 month total on record for the Web 2.0/Social Media industry. This is more than a 7 percent increase when compared to the first half of 2006. In the first half of 2006, there were 67 Web 2.0/Social Media deals and $357 million dollars US invested.

Source:internetfinancialnews.com

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