SVB provides loan to VC-backed Zoomin
SVB India Finance, a subsidiary of Silicon Valley Bank, has provided INR80 million ($1.5 million) in venture debt funding to Zoomin.com, an online digital photo printing and merchandise company backed by early-stage investors Sherpalo Ventures and First Round Capital.
Set up in May 2007, Zoomin allows users to store, share and print their digital photos onto products like mugs, calendars and T-shirts. Sherpalo Ventures and First Round committed $12 million to the company...
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