StudyPlaces Gets $3 Million In Funding From Naukri, KPCB And Sherpalo Ventures

StudyPlaces, which had received $500,000 in funding from Info Edge (BOM: 532777) (via it’s Mauritius subsidiary) earlier last month, has received a total first round of $3 million in funding from Kleiner Perkins, Caulfield & Byers (KPCB), Sherpalo Ventures and Info Edge, reports VC Circle. Each will be investing $1 million in the company; StudyPlaces was founded lasy year by Amitabh Nagpal, and has received Angel Investment from Nikesh Arora, President of Google (NSDQ: GOOG) Europe and Sanjiv Ahuja, Chairman of Orange. Sandeep Murthy, Partner, Sherpalo Ventures, who also handles the investments for KPCB in India confirmed the investment to ContentSutra. Readers should note that KPCB and Sherpalo Ventures have also invested in Info Edge.