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	<title>STARTUPCENTRAL &#187; Carwale</title>
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		<title>Carwale Raises Round II?</title>
		<link>http://startupcentral.in/2008/06/15/carwale-raises-round-iistartup-saturday-update/</link>
		<comments>http://startupcentral.in/2008/06/15/carwale-raises-round-iistartup-saturday-update/#comments</comments>
		<pubDate>Sun, 15 Jun 2008 11:03:44 +0000</pubDate>
		<dc:creator>Snigdha Sengupta</dc:creator>
				<category><![CDATA[Deals]]></category>
		<category><![CDATA[TMT]]></category>
		<category><![CDATA[Carwale]]></category>
		<category><![CDATA[India]]></category>
		<category><![CDATA[Seedfund]]></category>
		<category><![CDATA[webstartups]]></category>

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		<description><![CDATA[Seedfund-backed auto classifieds portal CarWale is believed to have closed its second round of venture funding. Picked up this bit of information on the sidelines of Startup Saturday in Mumbai, but further details on the new investor and investment amount are not available yet. Seedfund had made an undisclosed investment in Carwale for a 30 [...]]]></description>
			<content:encoded><![CDATA[<p><a title="Seedfund" href="http://seedfund.in" target="_blank"><a href="http://www.carwale.com/"><img class="alignright size-full wp-image-3461" title="Carwale" src="http://startupcentral.in/wp-content/uploads/2008/06/carwale-logo.gif" alt="" width="194" height="68" /></a>Seedfund</a>-backed auto classifieds portal <a title="CarWale" href="http://www.carwale.com/" target="_blank">CarWale</a> is believed to have closed its second round of venture funding. Picked up this bit of information on the sidelines of <a title="Startup Saturday" href="http://startupsaturday.in/index.php?title=Mumbai" target="_blank">Startup Saturday</a> in Mumbai, but further details on the new investor and investment amount are not available yet. Seedfund had made an undisclosed investment in Carwale for a 30 per cent stake in late 2006.</p>
<p>Startup Saturday, the second in the city, was a fun evening. Carwale co-founder and CEO <a title="Mohit Dubey on Linkedin" href="http://www.linkedin.com/in/mohitdubey" target="_blank">Mohit Dubey</a> took the pre-coffee session which turned out to be a candid affair. The company is in the throes of a big offline services push and much of the conversation picked on the whys and why-nots of taking a pure online business offline. It took Dubey two months to convince even his investors that offline was the way to go, particularly since profits margins are initially low.</p>
<p>Also met a couple of new online startups over coffee &#8212; <a title="Menu Fry" href="http://menufry.com" target="_blank">Menu Fry</a> and <a title="Blogadda" href="http://blogadda.com" target="_blank">Blogadda</a> (isn&#8217;t that name too close for comfort to <a title="Bigadda" href="http://bigadda.com" target="_blank">Bigadda</a>?). The first, as the name suggests, is a restaurant menu listings site.  The site is still in beta and theoretically it is a very useful service, particularly in Mumbai city. Let&#8217;s see how Menu Fry works out in the real world. Also check out Pune&#8217;s <a title="Tasty Khana" href="http://tastykhana.in" target="_blank">Tasty Khana</a>, which is built on a similar premise. I remember the company because of a rather patchy demo at BarCamp Mumbai 3 in March. Blogadda has been around a bit longer, maybe a year, and offers blog listing services &#8212; much like <a title="Blogstreet" href="http://blogstreet.com" target="_blank">Blogstreet</a>.</p>
<p><span style="color: #006699;"><strong>Image Courtesy:</strong></span> Carwale</p>
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