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ChaCha, the mobile search startup has bagged $4 Million of the expected $5 Million round. However the company will only have $2 Million to actually plan for new ventures as it will half that amount to pay back loan it took from Citigroup. The service lets users ask a questions via a call or text messages and receive an answer in reply and has been quite successful in the mobile space over time.
Tags: chacha, funding
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