Current Story

Sabeer Bhatia’s InstaColl Gets Funding From SoftBank Corp

By Nikhil Pahwa - Thu 15 Mar 2007 01:31 AM PST

Hotmail Founder Sabeer Bhatia’s Bangalore based startup InstaColl had received its first round of institutional funding from SoftBank Corporation, Japan. The amount of investment has not been disclosed. Instacoll ~~has also launched Instasecure, a tool~~ is a service which allows business professionals to communicate and collaborate on Microsoft Word, and Microsoft Excel documents securely over the Internet. Added: the company has also launched InstaSecure, which enabled protection of business documents. More details in the release, here.
Online collaboration isn’t new: Google had acquired Writely and launched Google Documents. Then there’s Chennai based companies - Zoho from Adventnet, which has a whole range of online collaboration tools, and Tracbac which allows visual collaboration.

Posted in: Venture Capital

3 Comments

Share/E-mail

Permalink

Related Research from Alacrastore.com

3 Responses:

From Bystander Thu 15 Mar 2007 08:36 AM

Interesting development - however I don’t think you have read the news release that you are referring...the InstaSecure product seems to be a document security solution and not a collaboration offering…

From Biswajit Tripathy Thu 15 Mar 2007 10:36 PM

Hotmail, Arzoo now next is InstaColl. Let’s see what follows next....

From Arindam Roy Fri 16 Mar 2007 11:16 AM

Sabeer has targeted this as a takeover candidate for Microsoft.
With Google bhai giving Billu dada tension of online collab, Sabeer bhai is looking into cashing into this threat.
May prove out to be a very successful move.