Social Network sites in India

Update 05/06/2012: We just learnt that AOL seems to be out of contention and a company based out of Chennai - QUSCIENT Technologies is in the race to acquire Minglebox.com. Again, this is still a rumour, there has been no official…

This was kind of “shocking” to me. With Alexa rating of around 500 and Indian rating in top 50 how can a website can’t generate enough money to survive on its own? Last week Northgate technologies informed that it will…