Bangalore-based Noticeboard, a mobile-first communication platform for on-field staff, has raised an undisclosed amount of funding from former Myntra product and tech head Shamik Sharma and TaxiForSure co-founder Aprameya Radhakrishna, a top company executive said.
Vishal Gahlaut, co-founder and chief executive at Noticeboard told VCCircle that the latest capital infusion was part of the company’s first external funding round that it had secured in July this year. The $1.2-million round was led by Stellaris Venture Partners, with participation from Rajesh Yabaji, founder and chief executive of logistics firm BlackBuck and Jayant Kadambi, co-founder of digital advertising firm YuMe, besides other undisclosed angels.
As part of the latest transaction, Sharma will assist the one-year-old startup in an advisory capacity, the company earlier said in a statement. Sharma joined Myntra in 2012 as its chief technology and product officer and quit in November last year.
Gahlaut added that Sharma has committed to helping the company shape its technology product and devise an international expansion strategy, which is on the cards.
“Bringing the mobile workforce into the knowledge economy is possibly the biggest opportunity in the world of communication since email,” Sharma stated in a press note.
930 Technologies Private Limited, which operates Noticeboard, was founded in 2016 by former Myntra executives Gahlaut, Vishesh Dahinwal, and Sarath Chandran. The startup offers the frontline staff of an organisation a platform for enterprise communication, which helps in real-time flow of feedback, updates, and other items of notice. Managers can onboard their team members onto the app through their email IDs or mobile phone numbers.
Information and content can be shared by organising the communication topic through subject boards. The platform, which works for team sizes of 50-50,000, can also be used offline. The company claims that it is a first-of-its-kind product that addresses the communication lacunae between the desk and field staff.
Gahlaut was formerly vice president at Myntra, heading the womenswear and kidswear business, while Dahinwal, who is also Noticeboard’s technology head, previously led the logistics division at Myntra. Both are alumni of IIM-Ahmedabad. Chandran, the third co-founder and product head of the venture, is an ISB graduate. Prior to this venture, he was part of the product management vertical at Walmart Labs India. Earlier, he led the back end product initiatives at Myntra.
Other startups that offer enterprise communication tools include messenger app Flock, which was established by Directi Group co-founder Bhavin Turakhia. In March this year, the billionaire planned to invest $25 million more into the venture.
In October 2016, ChatOnGo, a communication tool that helps employees interact with dealers and distributors, secured angel funding worth $300,000 (Rs 2 crore) from high net worth individual and IT professional Janak Jain.