Updated below: WahIndia, a US-based online media and social networking company targeted at Indian community, has received an undisclosed amount of investment from some angel investors, the company informed in a press release. By the end of August 2006, WahIndia will be launching a social network focused on Bollywood and Indian entertainment. The US based company further plans to establish an office in Mumbai during next quarter to accelerate user growth in India, the release said.
Sunil Thakur, Founder and CEO of WahIndia, noted, “With the integration of a Bollywood-focused social network, we will further deepen relationship with our user community.” WahIndia plans to earn revenue from downloads of films, music, mobile ringtones, wallpapers, and other premium digital content.
Updated, by Rafat: Sunil told me in an e-mail that the funding is in “six figures” and investors are CEOs of large Indian firms, including a publicly traded company.
Related:
WahIndia To Provide Broadband Content On Bollywood To Sifymax