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July 08, 2013

Deal Alert: GramVaani raises US$500-K from IAN, others: report

Delhi-based social tech company GramVaani has raised $500,000 in its first equity investment round from Indian Angel Network and a few other investors. GramVaani, started in 2009, is a social media platform for rural India providing voice and video based local media platforms. It has three main verticals which include GRINS, a product for community radio stations having more than 40 installations in India and Africa, vAutomate - a suite of voice applications and Mobile Vaani network. It claims to serve more than 2 million users in over 15 Indian states as well as in Afghanistan, Pakistan, Namibia and South Africa. Gramvaani will use the raised funds to expand the team.

Source: iamwire

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