TECH CRUNCH - Mar 15 - Tiger Global is in the advanced stages of talks to lead a round of $15 million to $20 million in seven-month-old Kutumb that values the Indian startup at about $170 million. Kutumb, which means family in Hindi, has built a "private social network like Reddit" that connects communities based on "culture, creed, beliefs, interests, [and] professions." The startup's eponymous six-month-old app has amassed ~11M MAU, up from ~550k in December last year. Kutumb was valued at ~$15M late last year when it raised funds from Sequoia Capital India's Surge accelerator. It raised ~$2.5M in its seed financing round.
by Manish Singh
See full article at Tech Crunch