Sequoia Funds $7M to Minglebox - A Comparision with Competition

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, 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.

Minglebox was created by a former Yahoo employee, Kavita Iyer, and the other two founders, Sanjay Aggarwal and Sushma Abburi.

There has been a widespread speculation of a vested interest in the unusually high amount of funding for such a small startup, as their userbase is far less compared to Youtube and to that of its nearest competitor.

A sample graph to showcase the competition.

Comparision with Competition:
Minglebox.com vs Bharatstudent.com
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