Jaipur-based crowdfunding platform Dreamwallets has secured seed funding from a clutch of high net-worth individuals (HNIs) and angel investors including IndusInd Bank executive vice president Siddharth Banerjee and senior vice president Vikas Ranjan. Anshul Jindal, a senior investment officer with a Switzerland-based investment company, and Sunil Koul, executive director at a Hong Kong-based investment bank, besides industrialist Sanjeev Agrawal and chartered accountants Rakesh Gupta and Aditya Aggarwal also participated in the round.
Dreamwallets will use the funds to expand its business development team, boost investment in technology and create awareness about the crowdfunding concept, co-founder Nikhil Agarwal told VCCircle. He declined to disclose the amount of seed funding raised.
The startup plans to launch version 2.0 of the Dreamwallets platform which focuses on strong community development at its nucleus. “We are looking to launch more than 10,000 fund raising projects in the next two years,” Agarwal added.