IDG Ventures India and Indian Angel Network to Invest INR80 Million in Little Black Book (Asia)

Source: VCCircle  |  Author(s): Arti Singh

Venture capital firm IDG Ventures India and angel investment group Indian Angel Network (IAN) will invest a reported INR80 million (approximately US$1.2 million) in India-based Little Black Book, a curated online city and lifestyle guide. IDG and IAN will each contribute half of the total amount. Little Black Book will use the new capital to expand into new cities in India and grow its team.