Anand Mahindra, Chairperson of Mahindra Group, has lately infused INR 7.55 crore in the latest seed funding round in Hapramp studio. The startup is planning to create an Indian-held and regulated social media networks, VC Circle reported.
In a tweet, Mahindra affirmed his investment to the masses.
"[It] took 2 yrs, but I finally found the start-up I was looking for! Hapramp is indigenous, built by 5 young founders and brings together a best-in-class combination of creativity, technology and data protection," Mahindra said.
The Gurugram-headquartered startup, which was established in 2018, blends creativity and information technology. Its team embodies Rajat Dangi, Shubhendra Vikram, Mofid Ansari, Pratyush Singh, and Ankit Kumar, who are alumni of IIT Vadodara.
Mahindra had initially shown his desire to infuse money in the Indian, developed social media platform, after various controversies surfaced around global social media company, Facebook Inc.
Meanwhile, he also asked Jaspreet Bindra, Executive of Mahindra group, to ascertain similar company. At present, Bindra is acting as an executive advisor to Hapramp.
As per its website, the Gurugram-based Hapramp is working on various initiatives, embodying Asteria Protocol, a security tool and data privacy platform, Go.Social, a social learning platform, and 1Ramp.io, social platform for creative communities.