Archive for November, 2010
Joshua Schachter, the founder of social bookmarking startup Delicious, is working on a stealthy startup called Tasty Labs, and the company just raised $3 million in funding from two big name firms — Union Square Ventures and Andreessen Horowitz.
“>Schachter left Google in June (he sold Delicious to Yahoo back in 2005) and his new company came to light earlier this month. Union Square’s Albert Wenger (formerly president at Delicious) announced today that he has invested in the company, along with Andreessen Horowitz and a group of angel investors. A filing with the Securities and Exchange Commission revealed that funding round totaled $3 million, and that Wenger has joined the Tasty Labs’ board of directors.
So what does Tasty Labs do? Wenger isn’t saying, and the Los Altos, Calif. company’s website isn’t saying much either. The website says that it won’t offer pet food reviews, won’t create open source operating systems for unmanned aerial vehicles, won’t be a marketplace for used satellites, and that it aims to put “the useful back in social software.”
Hopefully, we’ll find out what actually means soon.
Companies: Andreessen Horowitz, Tasty Labs, Union Square Ventures
People: Albert Wenger, Joshua Schachter
Vinculum Solutions Private Limited has received investment from Accel Partners India. The funding will help Vinculum to enhance its suite of products and to accelerate growth in India and itsglobal operations. Mr. Mahendran Balachandran, Partner,Accel India (Ex Country General Manager India, Apple) has joined the Board of Vinculum Solutions.About Vinculum Solutions Limited: Vinculum Solutions
Economic Times has published a feature on the Moser Baer Group’s foray into the power generation business. (The group recently raised PE funding from Blackstone for one of the ventures.) It’s as big a reinvention the Puris have undertaken as any. Over the next five years, the Puris plan to invest Rs 34,000 crore — about 16 times the current revenues of Moser Baer India — to set up 5,000 MW of





