Mosh.in Social Music Site Took a first look at it, looks promising.
NewsCola , Indian Digg Very very slick Interface. (By who else other than Bixee/Himanshu’s team who have been rolling out web2.0 stuff with an India focus for some time now)
Cleartrip.com Recently funded web portal in hyper crowded travel portal space. Its a little old I agree but I suggest to check Its interface which just blew me away. IMO the best interface of all the airline sites in India.