your password has been reset successfully, Please login again.

Anand Mahindra Infuses INR 7.55 Crore in Hapramp Studio

Mahindra had initially shown his desire to infuse money in the Indian, developed social media platform
BY BEx Bureau
BusinessEx
Jun 11, 2020

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.

Please add your Comment
SIMILAR News
June 11, 2020
Ula will deploy funds to improve its technological infrastructure and create its team in India ...More
By Jaspreet Kaur
June 10, 2020
The investment in Ameliorate had come from likes of PadUp, LetsVenture, Vinners, SINE IIT Bombay and ...More
By Jaspreet Kaur
June 10, 2020
Lincode will deploy the fresh capital on research and development (R&D), sales and marketing, and pr ...More
By Jaspreet Kaur
June 09, 2020
Affle, through its subsidiary business, has decided to primarily buy a 66.67 per cent equity stake i ...More
By Jaspreet Kaur
June 09, 2020
MyKaam will employ the funds to develop its technological infrastructure, increase its operations an ...More
By Jaspreet Kaur
June 08, 2020
The acquisition has been made from Navayuga Road Projects Pvt. Ltd along with its portfolio company, ...More
By Jaspreet Kaur
June 08, 2020
Knocksense Media will employ the funds to strengthen its tech platform and create a content bank for ...More
By Jaspreet Kaur
June 06, 2020
IVF Access will deploy the capital to set up IVF clinics across India that will provide assisted rep ...More
By Jaspreet Kaur
June 06, 2020
The deal is anticipated to assist Facebook, as well as WhatsApp, that have over 100 million users in ...More
By Jaspreet Kaur
June 05, 2020
Infibeam has bought Cardpay to use the opportunity to offer credit to SMEs and corporates ...More
By Jaspreet Kaur
June 05, 2020
DocsApp has merged with online healthcare platform, MediBuddy to secure its place in the changing he ...More
By Jaspreet Kaur
June 04, 2020
Hipla Technologies Pte Ltd has garnered INR 2.6 crore in funding from a cohort of affluent individua ...More
By Jaspreet Kaur