ChakPak.com an Indian online entertainment community about movie based content and media has raises funds via US based early stage venture capital partner Canaan, moreover Accel India has also invested in ChakPak fundings second time.
Canaan is an early-stage US venture capital firm with a focus towards Indian early start-ups. The company has also invested in Bharatmatrimony.com and TechTribe.com.
Accel Partners, a leading venture capital firm operating in Silicon Valley, Europe, Israel and China has formed Accel India Venture Fund in July this year with a strategy to strongly focus on early-stage venture investing in India.
ChakPak.com’s growing user base has persuaded the above venture fundings, this entertainment network has an Orkut app along with recently launched mobile website to add up more users in its bag. The website has given an strong emphasis on user generated content unlike to other B-grade networking portals in India.