Minglebox Gets $7M from Sequoia

Minglebox, the India-based social network for college campuses, raised $7 million in funding, backed by Sequoia Capital India. Minglebox started with a concept similar to facebook (though less elitist), and Ning, creating customized networks for people on college campuses. The goal is for each network to be a close knit community, working like a college intranet. As with many other social networking sites, you can share videos, music, blogs, photos and events with friends and the group at large.