Minglebox Gets $7M from Sequoia
Minglebox , the India-based social network for college campuses, raised $7 million in funding, backed by Sequoia Capital India. Minglebox started with a concept similar to facebook (though less elitist), and Ning , creating customized networks for people on college campuses. The goal is for each network to be a close knit community, working like a college intranet. As with many other social networking sites, you can share videos, music, blogs, photos and events with friends and the group at large. Most of the site, including the content, can be filtered by categories such as Bollywood, Pop, and International. Minglebox also has a deal with a few music labels, including HMV, to provide the streaming content for their jukebox, which is customizable for users.
Source: http://mashable.com/2007/05/02/minglebox/
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