LBS Startup, Mojostreet Secures USD 350k Funding

Kalyan Manyam, founder of Indyarocks has launched Mojostreet, a location based real world game that lets you compete with your friends through location specific actions.

The stealth startup has secured USD 350k funding for its location based mobile game. The funding was led by Srini Koppolu former MD of Microsoft India R&D and J.A. Chowdary former MD of Nvidia(India).

The service is expected to be made available via a Invite only private beta by first week of May. Those who wish to be part for the private beta launch can register at www.mojostreet.com

Given that Foursquare and others haven’t yet expanded in India (at a rate one would expect them to), the market is wide open for desi innovation/experience and we hope Mojostreet has figured out its mojo!

More about the service (and retail partnerships) when Mojostreet by May 1st.

Also see: Foursquare Grabs First Brand Partnership in India–Cafe Coffee Day