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Venture Capital

Entertainment Chat App Samosa Labs Gets $7 Mn In Fresh Funds

by posted 1year ago 63 views
Hyderabad-based social media and chat entertainment platform Samosa Labs has raised $7 million (Rs 48 crore) in a fresh funding round from handset maker Xiaomi and venture capital firm Sequoia Capital India, a top company executive told TechCircle. The startup will use the funds to ramp up its bandwidth capabilities, Abhilash Inumella, co-founder and chief executive of the venture, said in a telephonic conversation. “Since the primary touchpoints on our platform are videos, bandwidth capabilities become imperative in our business. Every user consumes at least 60-100 MB per day.