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December 20, 2012

Deal Alert: Local deals search firm Squeakee raises funding from Kae Capital, Mumbai Angels

Mumbai-based Squeakee, a yet-to-be-launched search engine for offers, has raised funding from Kae Capital and Mumbai Angels. The hyper-local search engine, which digs out online and offline discounts and offers based on location, will be launched later this week. Kae typically invests $200,000 (about Rs.1 crore) to $500,000 in the first round, while Mumbai Angels invests up to Rs.2 crore. 

Squeakee was founded earlier this year by Abrar Shaikh, who previously worked with consumer TV guidance channel What’s-On-India and digital advertising network Komli Media. The company, which currently lists offers mainly in Mumbai, intends to expand to Delhi, Bangalore, Pune, Hyderabad and Chennai by end 2013.

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