Amitabh Bachchan invests in Singapore-based Web site

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Hyderabad: “Angry young man” of Bollywood Amitabh Bachchan and his family has invested in Ziddu.com, a Singapore-based Web site owned by Meridian Tech Pte Ltd. The amount of investment and the size of the deal is not divulged, the firm said that the deal is based on a valuation of $71 million.

It is founded by Venkata Srinivas Meenavalli and Meridian Tech Pte is a free cloud storage and micro payment platform. It is rated among the top five file sharing sites in the world. The firm says it has 1.2 billion page views with more than 300 million visitors a month. In a statement Venkata Srinivas Meenavalli has said, “I am very happy and excited that Amitabh Bachchan has reposed confidence and trust on Ziddu.com,

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