CCube Angels invest in India based MyAdCorner.com

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) January 19, 2012 -- CCube invests in MyAdCorner.com
Singapore, January 18th, 2012:

CCube Angels, a Singapore based angel investors community, has acquired a minority stake in Noida based Adception Infotech Pvt Ltd, the company behind MyAdCorner.com. Although the angels have individually funded various early stage companies, this is C Cube’s second formal investment in the last three months. It had recently invested in Simbus Technologies, a Bangalore based IT Solutions Company. MyAdCorner is a unique online platform for newspaper advertisement booking. It provides a comprehensive list of advertisement options and a simple interface to create and book advertisements. MyAdCorner was founded in 2010, by Rohit Garodia and Prateek Shrivastava, both alumnus of IIT Delhi.

Rohit Garodia, the co-founder and CEO said “We see a huge need for an aggregator of print ad network as this industry is highly fragmented. With more than 1500 national & regional newspapers spread across India, there is no one-stop shop to serve them all. Additionally great product & tools combined with excellence in client servicing would be the key for amassing a huge recurring client base. “

Prashant Kothari, one of the member angels commented “We are excited to be associated with Adception Infotech as it is a differentiated and fairly unique business opportunity with a strong and dedicated management team. Their aggregation model will bring tremendous value to small advertisers in the country both in terms of cost and time savings as well as a much superior way of doing their media planning and execution”.

CCube currently has more than 65 members, mainly from the Capital Markets and Financial Services sector, with investment experience across various asset classes. CCube strives to provide valuable contacts and reach to small enterprises looking to adopt global business practices and scale beyond their niche geographies. CCube provides scale-up capital of $250,000-$1million to early-stage companies with well-defined business plans.


Contacts:
atim@ccubeangels.com
rohit@myadcorner.com

Adception Infotech     angel investors     CCube     CCube Angels     India Angel Investors     MyAdCorner.com     Singapore Angel Investors     Singapore Investors