Showing posts with label Kaboodle. Show all posts
Showing posts with label Kaboodle. Show all posts

Thursday, August 9, 2007

Email Attachments Are So Uncool

Online office suite Zoho released another product tonight, called Zoho Viewer. It is similar to Scribd (and the upcoming Docstoc) - upload an office or PDF document for easy viewing on Zoho’s website or embedded into other web pages.

Zoho Viewer is different than Scribd, though. With Scribd, documents are public by default (there is a private option). Zoho isn’t looking to create a community around documents like Scribd does. All documents are private and you must know the URL to view them. They are not listed in any directory or searcheable. So it is useful primarily to quickly upload email attachments and other documents you want to share with a few people but not the whole world. Viewers can also quickly download the document in its original format.

See the video below for an overview of Zoho Viewer. As an aside, I really like Viddler, which Zoho used to host the video. The quality is a lot better than YouTube and the player is very well done.


Wednesday, August 8, 2007

Hearst Acquires Kaboodle for $30+ million

This is the second recent acquisition announcement for Hearst Interactive Media - UGO for around $100 million last month, and tonight they are announcing the acquisition of Kaboodle, a social shopping service that launched in late 2005.

Kaboodle, founded by Manish Chandra, Keiron McCammon, Chetan Pungaliya, closed a key distribution deal with eBay a year ago. Comscore numbers show rapid growth, with 2 million or so unique monthly visitors currently.

The acquisition price is not being disclosed, but we’re hearing it was somewhere between $30 - $40 million, all cash. The company raised three rounds of financing totaling $5 million from Shea Ventures, Kanwal Rekhi, Jeff Clavier, Ron Conway, Garage Ventures, Georges Harik, Rajeev Motwani, Iggy Fanlo and others.

One other thing we’ve heard - investor Ron Conway was “instrumental” in putting this deal together.

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