Hyderabad Angels and Chennai Angels - via 20 of their members including former Microsoft India Development Center MD Srini Koppulu, ex-CEO and cofounder of Sify.com R Ramaraj, Suresh Productions CEO Suresh Babu and founder of Computer Age Management Services V Shankar - have invested in Bangalore-based Onlineprasad.com. Niraj Mital from Hyderabad Angels would be joining OnlinePrasad's board representing the larger investor group.
OnlinePrasad started by 26-year old Goonjan Mall has been seed funded by the storied entrepreneur duo K Ganesh and Meena Ganesh and The Morpheus. The company is a niche e-tailer that is networked to 50 temples in India, and uses the mobile and web platforms to deliver religious offerings such as prasad and other products to users’ doorstep.
Source: Times of India
Venture Intelligence is the leading provider of data and analysis on Private Company Financials, Transactions (private equity, venture capital and M&A) & their Valuations in India. Click Here to view our products list including the Free Deal Digest Weekly: India's First & Most Exhaustive Transactions Newsletter.