Bangalore, India - Minglebox, a social networking site in India, has raised $7 million in funding from Sequoia Capital India, contentSutra reported.

Bangalore-based Minglebox is targeting an audience of college students and young professionals; the site offers features like photo and video-sharing, blogs and groups, and signed a deal with various labels to offer streaming music content.

The company will use the funds for product development and to expand its reach in the market.

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http://tinyurl.com/2wxd3a (contentSutra)

http://www.minglebox.com