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The Smart Techie was renamed Siliconindia India Edition starting Feb 2012 to continue the nearly two decade track record of excellence of our US edition.

December - 2011 - issue > Venture Beat

Dealandyou.com Raises Rs. 85 Crore in Series B Funding

ST Team
Tuesday, November 29, 2011
ST Team
dealsandyou.com, a Gurgaon-based group buying portal has raised around Rs. 85 crore in series B round of funding from Mayflied Fund and Norwest Venture Partners. Nokia Growth Partners and Intel Capital also took part in this funding round. The company plans to use the funding to become a more aggressive player in the e-commerce space, and would invest the amount in four strategic areas, namely technology, infrastructure, talent, and branding.

dealsandyou.com was founded by Harish Bahl, Tarun Sobhani, and Sampad Swain in 2010. Bahl is the Chairman of the company and is well known as a serial entrepreneur who has laid the foundation for Smile Group, HealthPA, and Creons Advertising. Sobhani, a veteran in the media sales and marketing arena is the Director of the company. “We at dealsandyou.com are pleased with the venture community’s continued confidence in our team’s ability. Each of our investors is a great addition to our syndicate, and their backgrounds and experience will benefit our company as we enter our next phase of growth,” says Bahl.

Gaurav Kachru, with decades of experience in the industry, is taking the company forward as its CEO. “We are very happy and encouraged by the faith our investors have shown in us. The raised capital will help us continue to build a strong customer focused business with greater investments in technology and infrastructure, which will help better serve our customers,” says Kachru.

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