Video Streaming Startup InstaLively Secures $120K

Video streaming startup, InstaLively has raised $120K from Rajesh Sawheny (GSF), Rajan Anandan, Amit Ranjan, Niraj Singh (Outbox Ventures), German investor AECAL and MeraEvents.
Started by 2 IITians, InstaLively can potentially be the Meerkat/Periscope of Android, the team is focusing on providing B2B solution for the event and conference industry.
The app is currently in closed beta – but it does seem to compete with Youtube’s live streaming feature.

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