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MyDala raises 
1.1 Crore Angel funding
By siliconindia
Bangalore: MyDala.com, the New Delhi-based group buying site that leverages the power of group buying to bring benefits to the shoppers has raised a Rs 1.1-crore in angel funding from PE veterans Ajay Relan and Jayanta Basu, besides two unnamed U.S. investors.
Popular categories of deals on the website include recreation, restaurant, health and beauty services. MyDala CTO Ashish Bhatnagar said that one of the trends is that the buying capacity of users has doubled.
"In 2009, it was around 
200 and this year it has risen to 300-400. More credit card transactions are occurring on Mydala, it appears that people are more comfortable using payment gateways," he added.
The website saw a doubling in the number of unique visitors in October from 75,000 to 1.5 lakh. Around 23 percent of MyDala's customers return for a repeat purchase on a month on month basis.
200 and this year it has risen to 300-400. More credit card transactions are occurring on Mydala, it appears that people are more comfortable using payment gateways," he added.
The website saw a doubling in the number of unique visitors in October from 75,000 to 1.5 lakh. Around 23 percent of MyDala's customers return for a repeat purchase on a month on month basis.
