Mumbai Based Startup, ZoomIn Gets 8 Crore as Term Loan from SVB India Finance


Bangalore: ZoomIn, a Mumbai based online service startup that enables customers to store, share, and print their digital photos has received 8 Crores as term loan from SVB India Finance. This startup had also raised $12 million funding in 2008 from Round Capital and Sherpalo Ventures, reports Economic Times. 

ZoomIn.com allows users to upload unlimited photos and share them with family, friends or peers. This portal also enables logging in using social media sites. Incorporated in September 2007 by Sunny Balijepalli, it provides great service in terms of delivering personalized gifts to people anywhere in India, United Kingdom, United States of America and Canada.

Breaking away the clichéd concept of just using the portal for uploading and sharing, ZoomIn brings in a lot of features where a photograph can also be uploaded via email and also through a desktop uploader and does not require a browser

SVB India Finance was started in 2008 at Mumbai which is also a subsidiary of Silicon Valley Bank. Since its launch in 2008, SVB India Finance has completed over 40 transactions and disburses loan of $1-5 Mn for a term of six months to three years