| Log in
ShabdaNagari2.jpg

ShabdaNagari raises bridge funding from ah! Ventures

12 May, 2016

Hindi social networking platform ShabdaNagari.in, which is operated by Kanpur-based Trident Analytical Solutions Pvt. Ltd, has raised an undisclosed amount in bridge funding from ah! Ventures, a top company executive told VCCircle.

The firm will use the funds for product development, marketing and promotional activities, said Amitesh Mishra, co-founder and CEO ShabdaNagari.

Investors who have participated in this the funding round include Yogesh Chaudhary, director of carpet manufacturing firm Jaipur Rugs Company Pvt. Ltd; Anirudh Damani, director of renewable energy-focused independent power producer Artha Energy Projects Pvt. Ltd; and Abhimanyu Singh, vice president – client Services of TaskUs, among others.

Founded in 2015 by Amitesh Mishra along with Nikhil Tiwari and Amaresh Chandra Misra, the firm operates a social media platform that caters to the Hindi speaking audience. Users can post articles, pictures, videos and questions using the tools provided on the website. The platform also has a mobile version on Android.

Amitesh Mishra is an IIT Bombay alumnus and had worked with Mu Sigma and Capital One, among others, before becoming an entrepreneur. Nikhil Tiwari, who holds a B Tech in information technology from Vishveshwarya Institute of Engineering and Technology, Ghaziabad, takes care of the portal’s user interface. Amaresh Chandra Misra is a lawyer and looks after compliance and legal aspects.

“India as a market is unique due to its specific consumer needs. Products that aim to succeed need to be designed to cater to those specific needs and ShabdaNagari has done the same. The team’s understanding of the Hindi speaking market makes it stand apart,” said Harshad Lahoti, founder and CEO of ah! Ventures 

ShabdaNagari has a team of about 15 employees and claims to have around two lakh unique visitors. It says 80% of the traffic on the website comes from India while 10% comes from the US, UAE and Canada.

In January, the firm had raised $200,000 (around Rs 1.35 crore) from Kanpur Angels and a bunch of unnamed investors.

Like this report? Sign up for our daily newsletter to get our top reports.


Leave Your Comment
Hindi social networking site ShabdaNagari raises $200K

Hindi social networking site ShabdaNagari raises $200K

Binu Paul 2 years ago
ShabdaNagari.in, which claims to be India’s first social networking portal in Hindi, has raised $200,000 (around Rs 1.35 crore) from Kanpur Angels and a bunch of...
Social networking platform ShareChat gets funding from SAIF Partners, India Quotient

Social networking platform ShareChat gets funding from SAIF Partners, India Quotient

Disha Sharma 1 year ago
ShareChat, a regional language social networking platform, has secured about $1.35 million (Rs 9 crore) in investment from SAIF Partners and existing investor India Quotient....
ah! Ventures backs talent acquisition platform Kickstart Jobs

ah! Ventures backs talent acquisition platform Kickstart Jobs

Disha Sharma 1 year ago
Gurgaon-based talent acquisition platform Kickstart Jobs has raised an undisclosed amount of investment in its seed funding round from ah! Ventures, it said in a...
No Comments

ShabdaNagari raises bridge funding from ah! Ventures

Powered by WordPress.com VIP