Comments
New Delhi-based MyPoolin has won $250,000 in venture financing to expand its business from Qualcomm Incorporated, through its venture investment arm QualcommVentures.
MyPoolin is the India finalist for the international QPrize 2015 venture investment competition. Qualcomm and Accel Partners each contributed $175,000 for the combined winner and runner-up prizes. As the winner of the regional finals competition, MyPoolin will move forward in the competition and compete against other regional champions for an additional $250,000 in venture financing at the global QPrize Grand Prize competition, taking place on September 9 in San Diego, California. Flip Technologies was awarded $100,000 in venture financing as the runner-up in the regional finals competition.
“India is at the cusp of a digital revolution that will drive the Government’s vision for a Digital India,” said Karthee Madasamy, Managing Director, QualcommVentures India. “Qualcomm Ventures is committed to identifying and fostering the industry’s most promising early-stage technology companies."
MyPoolin is a mobile peer-to-peer and group payments social network, which helps people plan and pool money through an app.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.