An Indian group-texting service called SMS GupShup wants to become the world’s biggest mobile social network. And, they want to take on Facebook and Foursquare. SMS GupShup has a good reason want to be the biggest.
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Path, the social networking site founded by ex-facebook executive Dave Morin, Napster co-founder Shawn Fanning and Dustin Mierau, has raised $8.65 million in venture capital funding from Kleiner Perkins Caufield & Byers and Index Ventures. Kleiner’s Chi-Hua Chien and Index’s Mike Volpi will be joining Path’s board as a result of the funding. The current round of funding brings the total money raised by Path to $11.2 million.
