Knowledge Partners

 Economic Laws Practice       Avalon Consulting

 Technloogy Holdings   

January 01, 2013

Deal Alert: SVB provides venture loan to online photo service ZoomIn

SVB India Finance, a subsidiary of Silicon Valley Bank which provides debt funding for startups that have raised earlier rounds of venture capital, has provided a venture loan of Rs.8 crore to Mumbai-based online photo sharing and printing startup Zoomin

Zoomin had earlier raised around $12 million in venture funding in two rounds from First Round Capital and Sherpalo Ventures. The company offers an online photo printing and personalization platform which enables users to upload, share and print their digital photographs in the form of personalized gifts and merchandise. 
From the Venture Intelligence PE Deal database: ZoomIn had raised funding from KPCB and Sherpalo Ventures in Apr-08.

Source: Economic Times  

Venture Intelligence is the leading provider of data and analysis on private equity, venture capital and M&A transactions in India as well as Financials & Valuations of Private Companies in the country. 
Click Here to view our products list including the Free Deal Digest Weekly: India's First & Most Exhaustive Transactions Newsletter.