Bangalore: 500 startup is an investment company that was founded by Dave McClure which primarily focuses in early stage companies. It provides anywhere around $250,000 for startups during funding and is well known for its unique events like UnSexy, GeeksOnaPlane and SmashSummit. The company has startup mentors across the globe and is physically based in Silicon Valley. Recently, 500 startups made 4 consecutive investments in Indian companies namely – TradeBriefs, Instamojo, Cucumbertown, Walletkit and UberLabs. These investments have given 500 startup’s a great hold in the investment business in India. Read further to know the details of these companies and their funding.

Instamojo

Instamojo, a Mumbai based startup that allows users on its website to buy and sell digital files, by making it simple in the form of a link raised capital from Dave McClure’s 500 startups. The details of the funding remain undisclosed but Paul Singh and Pankaj Jain from 500 startups have joined the investor list, reports MediaNama.com.

Founded by Sampad Swain, Harshad Sharma and Akash Gehani, Instamojo is a simple one click process to buy and sell digital files which can include photos, reports, templates, tutorials, music, videos and codes. It lets a user to upload the file with a price and this process would give a link that can be shared on social networking sites for promotion.