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

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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

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.

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