DealTracker - SMSGupShup Raises $10 Million

SMSGupShup.com, a service that helps users create mobile communities, has raised $10 million from Helion Venture Partners and Silicon Valley venture firm Charles River Ventures. Both the VC funds are putting in $5 million each in the company, according to to VC Circle.
Owned by Webaroo Technology (India) Pvt Ltd, which had earlier raised $1.5 Million […]

As Music Sales Go Digital …

According to a recent research by eMarketer, physical music spending is down as online and mobile formats gain momentum. eMarketer estimates that online and mobile will grab about 40% of the total music spend in 2009.
As Venture Beat notes:
The most striking fact is the prediction that by 2011, the majority of music sales, 56.5 percent, […]


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