Sunday, November 18, 2007

Footprint Ventures Invests $2 Million In Ticketvala.com

Bangalore-headquartered Footprint Ventures has invested $2 million in Ticketvala.com, a portal for booking bus tickets, according to Mint. Footprint is co-founded by Neill Brownstein, who was also one of the co-founders the Silicon Valley-based venture capital firm Bessemer Venture Partners.
Footprint has also made another undisclosed investment in India, besides Ticketvala. Footrpint’s focus is to invest in companies in the India-Israel-India corridor. Footprint is looking to put $2-4 million in lifestyle, retail, financial services, security, education, clean technology and life sciences. The other co-founders are Linda Brownstein, Josh Bornstein and Shalini Elassery.
Besides Ticketvala, there is another company in this space - Redbus.in, which is part of TiE-EAP (Entrepreneurship Acceleration Program).

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