Seedfund invests in CarWale.com
NewMedia@Work,,
December,15 2006
Seedfund, an early-stage investment fund has announced that it has taken close to a 30 per cent stake for an undisclosed sum of money in Automotive Exchange Pvt Ltd, the company behind CarWale.com. Seedfund - 'the small fund with big backing' - was announced in November 2006 to encourage new entrepreneurs looking for initial funding for an innovative business idea. Carwale.com marks Seedfund's first investment.
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