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Deal Alert: OnlinePrasad taps Hyd, Chennai Angels

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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

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