Quintessential entrepreneur Sabeer Bhatia is back to business and has raised first round funding from Softbank for InstaColl.
InstaColl’s collaboration solutions provide businesses secure, online working relationships with key customers and partners, allowing dispersed stakeholders to reduce time-to-decision and problem-resolution by responding in real time to critical incidents and opportunities.
Sabeer Bhatia who rose to fame on account of acquisition of his venture hotmail by Microsoft and is one of very few who made millions in dotcom boom. Sabeer tried to repeat his hotmail experience but so far has not met with success as Arzoo.com in its initial phase failed and was written off and has become live again as a travel portal in second avatar but so far seems to have make no impact in keenly contested Indian travel market which is dominated by yatra, makemytrip, Cleartrip and Travelguru along with some marginal players like flightraja, Indiatimes travel, rediff travel etc.
While Softbank which is one of the most aggressive investor during dotcom booms days have maintained a overall low profile during web 2.0 boom and Instacoll is its first investment in India.
InstaColl, the Bangalore-based startup co-founded by Sabeer Bhatia, has announced the launch of InstaSecure, a new hosted service that enables knowledge workers to better protect, share and track the usage of Microsoft Word, and Microsoft Excel documents as part of day-to-day communications and collaboration. This new, easy-to-use, web-based service gives business professionals the power to grant and dynamically revoke access to documents distributed inside or outside the firewall, as well as audit actions such as opening, adding comments to, or printing those documents
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