Media - Thursday, September 27, 2007
Indian City Review Site AskLaila Raises $10M
Bangalore-based Four Interactive has raised $10M in series B funding for its AskLaila.com business. The round is led by Lightspeed Venture Partners and joined by Silicon Valley Bank and return backer Matrix Partners India. Matrix had invested $2M in Series A round.
AskLaila.com presents reviews on food, events, lifestyle, shopping and more for Indians. It currently covers Bangalore but plans to cover to Delhi, Mumbai, Kolkata, Hyderabad and Chennai.
Our own review is that it's not a terribly impressive site, but then we don't live in India so perhaps there is a dearth of information of this kind there. We expected to see something like Yelp with extensive user reviews but it appears more like an online magazine with articles that review the cities best buffets for example.
Read - VC circle
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