your password has been reset successfully, Please login again.

photo-sharing app Vebbler secures Funding from Former Mu Sigma, Ola top execs, others

The Mumbai-based startup was launched in 2013 as a social network for conversations and later tweaked its offering to a photo sharing and collaboration app.
BY BEx Bureau
BusinessEx
Jul 17, 2018

Photo-sharing app Vebbler has raised an undisclosed amount in a pre-Series A round of funding from a group of new and existing investors, the company said in a statement on Tuesday.

The new participating investors include Ambiga Subramanian, former chief executive of big data firm Mu Sigma; Dino Morea, film actor; Nikhil Chinapa, television host and disc jockey; Anurakt Jain, vice president at ad-tech firm InMobi; Sanjay Ramakrishnan, former senior director of product at e-commerce firm Flipkart; and Pranay Jivrajka, founding partner at cab-hailing firm Ola.

Existing investors who put money in the round were Anupam Mittal, founder and chief executive officer of People Group; Sharad Sharma, co-founder of iSpirt (Indian Software Product Industry Round Table); Venkat Raju, chief executive of Kyron Accelerator; and Mohandas Pai, former chief financial officer of information technology firm Infosys, the statement added.

The funds were raised via deals platform LetsVenture.

Vebblers founder and chief executive Sahil Bhagat told TechCircle in an email that the startup will use the capital mainly to hire key senior-level executives and to scale the business through marketing and advertising.

Vebbler provides a brilliant camera experience for millennials and is focusing on strong content through topic-based channels and stories, said Subramanian in the statement.

Vebbler presently consists of a 15-member team across technology, marketing and other non-tech roles.

Run by Vebbler Technologies Pvt. Ltd, the Mumbai-based startup was launched in 2013 as a social network for conversations and later tweaked its offering to a photo sharing and collaboration app.

The latest iteration of the app allows users to share photos in groups called clubs, which can only be accessed by other club members.

Prior to Vebbler, Bhagat, an alumnus of the London School of Economics, set up two startupsa crowdfunding platform called Frogster and a college-based animation and film startup called Doodle Works.

In 2016, Vebbler raised $500,000 from a syndicate of 16 investors across the globe, including India, Singapore, Hong Kong and the US.

In 2017, the startup was selected for social media giant Facebooks FbStart programme.

Please add your Comment
SIMILAR News
June 26, 2019
The software company states that in the initial 12-month period, it has managed to reconcile transac ...More
By Jaspreet Kaur
June 24, 2019
As per the transaction, Ankit Somani will also be a part of the board of ConceptOwl to enhance the o ...More
By Jaspreet Kaur
June 24, 2019
The Indian startup, Scentials Beauty Care and Wellness has obtained INR 25 Crore in Series A round o ...More
By Jaspreet Kaur
June 21, 2019
According to the transaction, M&MFIN, which is administered by Mahindra Finance, will acquire a 51 p ...More
By Jaspreet Kaur
June 20, 2019
A cluster of affluent individuals and angel investors had partaken in the funding round. ...More
By Jaspreet Kaur
June 20, 2019
Currently, SFL acquires 50.1 per cent shares in the synergy, Sundaram BNP Paribas Home Finance Ltd. ...More
By Jaspreet Kaur
June 19, 2019
IT firm, Cognizant has proclaimed to have acquired Zenith Technologies for an undisclosed sum. ...More
By Jaspreet Kaur
June 19, 2019
The food delivery company, Swiggy is in discussions to raise nearly INR 1,393 Crore for the US-based ...More
By Jaspreet Kaur
June 18, 2019
Kredily helps to digitise businesses and automate HR as well as payroll-related duties. ...More
By Jaspreet Kaur
June 18, 2019
Tech Mahindra, a subsidiary of Mahindra Group, is buying Canadian IT consultancy, Objectwise for rou ...More
By Jaspreet Kaur
June 17, 2019
The tech giant, Amazon is in talks with the Indian supply chain firm, NinjaCart to make a huge inves ...More
By Jaspreet Kaur
June 17, 2019
Ascendas Property Fund Trustee manages Ascendas trust and had signed a concord with Nalanda Shelter, ...More
By Jaspreet Kaur