Reliance Invests in US based Portal Whrrl.com


	Reliance Invests in US based Portal Whrrl.com

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5-29-2008 6:18 AM

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reliance, india, telecom, adag, pelago, whrrl, rtvl, social networking, mobile social networking

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/8fda16bf-5f5c-48f3-b3b5-907fe0574f17/11F2710A-EB75-4170-A2B4-4AF728B8EC82/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://unwireindia.com/2008/05/reliance-invests-in-us-based-portal-whrrlcom/" href="http://unwireindia.com/2008/05/reliance-invests-in-us-based-portal-whrrlcom/" style="font-size: 11px;">unwireindia.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://unwireindia.com/2008/05/reliance-invests-in-us-based-portal-whrrlcom/"><DIV class="entry">
					<P><IMG alt="RTVL logo" src="http://www.rtvl.co.in/rtvl/HTML/images/logo.gif" />
<STRONG><U><A href="http://unwireindia.com/?s=Anil+Ambani+group">Anil Ambani group</A></U>-run <U><A href="http://www.rtvl.co.in">Reliance Technology Ventures Ltd</A></U> (RTVL) on Tuesday said that it has invested in Seattle-based <U><A href="http://www.pelago.com/">Pelago</A></U>. RTVL, however, did not disclose the amount invested. The company is the corporate venture capital arm of the Reliance ADA Group and a wholly-owned subsidiary of Reliance Capital.</STRONG></p> <P>“Pelago offers consumers and advertisers a unique proposition by combining local search and discovery with an underlying social networking flavour. “While it offers consumers to discover, rate and review places and events, Pelago also enables advertisers to get better ROI (return on investment) through its highly precise location-based advertising platform,” RTVL CEO Harshal Shah said in a statement issued.
<A class="more-link" href="http://unwireindia.com/2008/05/reliance-invests-in-us-based-portal-whrrlcom/#more-440">Read the rest of this entry »</A></p> </DIV></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/11F2710A-EB75-4170-A2B4-4AF728B8EC82/blog/" title="blog or email this clip"><img src="http://content6.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>