Update: Ashish Gupta of Helion Venture Partners has, in an emailed response, told WATBlog that “we have not done any funding for Gupshup.” That, of course, doesn’t mean that the deal isn’t in process. Do note that we haven’t received a definitive statement from Webaroo, and no response yet from Helion, but we do have a copy of the mail sent to WATBlog
Original post (July 4): Mobile startup Webaroo has raised $10 Million in funding from Helion Venture Partners and Charles River Ventures, according to Pluggd.in. The report is unconfirmed, and though we’ve tried, we haven’t yet received a confirmation or a denial from the company.
About
Over the past couple of months, we’ve heard about Webaroo looking for funding. Webaroo has a couple of mobile based products – the first is an application that helps store web-pages for offline usage on desktop and mobile, with several customized “packs” of content like on Football, Delhi, Manchester United etc. The second is an SMS based social application that allows users to communicate with their subscribers via SMS – similar to a newsletter on the Internet.
Previous Round
The company had previously raised $7.5 million of $10 million in a second round of funding: investors include Cambrian Fund, Lloyd George Asian Plus Fund and HTSG.
We’ll have an update on this in the evening, so…watch this space.