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December 03, 2012

Deal Alert: 500 Startups invests in tech firm ZipDial, closes tenth deal in India


US-based 500 Startups, a seed fund that began investing in India just over a year ago, has closed its tenth deal in the country, backing Bangalore-based technology startup ZipDial. The company, which aims to reach $1 million in revenue this financial year, received angel funding in April 2011 from Mumbai Angels, Blume Ventures and a handful of US-based angel investors. 

ZipDial, founded by Valerie Rozycki Wagoner, Sanjay Swamy and Amiya Pathak in 2010, has developed a mobile-engagement platform, which is based on a "missed call" concept.

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