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StudyPlaces Gets $3 Million In Funding From Naukri, KPCB And Sherpalo Ventures

By Nikhil Pahwa - Mon 07 Jan 2008 05:31 AM PST

StudyPlaces, which had received $500,000 in funding from Info Edge (BOM: 532777) (via it’s Mauritius subsidiary) earlier last month, has received a total first round of $3 million in funding from Kleiner Perkins, Caulfield & Byers (KPCB), Sherpalo Ventures and Info Edge, reports VC Circle. Each will be investing $1 million in the company; StudyPlaces was founded lasy year by Amitabh Nagpal, and has received Angel Investment from Nikesh Arora, President of Google (NSDQ: GOOG) Europe and Sanjiv Ahuja, Chairman of Orange. Sandeep Murthy, Partner, Sherpalo Ventures, who also handles the investments for KPCB in India confirmed the investment to ContentSutra. Readers should note that KPCB and Sherpalo Ventures have also invested in Info Edge.

Posted in: Companies, Naukri, Portals, Venture Capital

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3 Responses:

From Muki Mon 07 Jan 2008 08:56 PM

Congradulations to my friend Amit. He is an enterprising entrepreneur. I had the opportunity to work with the first level of studyplaces branding, story board and User interface designs at pepper square. I have known Amit for more than 3 years now.

He is full of energy and enthusiasm. More than all he is 100% commited to his idea what ever happens. For budding entrepreneurs....Amit has sweat it out before all this happned.

Way to go and we need millions of entrepreneurs in the coming years.

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From abhijit Sat 19 Jan 2008 09:55 AM

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