Webaroo Obtains $11,000,000 Series A Round

  • Feed Type
  • Date
    10/13/2008
  • Company Name
    Webaroo
  • Mailing Address
    19925 Stevens Creek Blvd #176 Cupertino, CA 95014-2358
  • Company Description
    Webaroo was founded in June 2004 with the vision of developing innovative mobile solutions for the consumer market. Over the last three years, Webaroo has developed several market leading products. Some have already achieved a significant market traction, while others are well on their way of getting there.

    Webaroo’s founders include Silicon Valley based experienced serial entrepreneurs Rakesh Mathur (founder of Armedia, Junglee, Stratify) and Beerud Sheth (founder of Elance). Webaroo’s management includes world-class, highly-experienced executives with decades of experience in building and managing high-growth companies. Webaroo has assembled a team of high-quality engineers, mostly IIT graduates, and developed a culture of innovation and rapid development with a focus on quality and usability. Webaroo has offices in Silicon Valley, Seattle, Mumbai and Delhi.

  • Website
    http://www.webaroo.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $11,000,000
  • Transaction Round
    Series A
  • Proceeds Purposes
    Proceeds purposes were not disclosed.
  • M&A Terms
  • Venture Investor
    Charles River Ventures
  • Venture Investor
    Helion Venture Partners

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