Bengaluru: Pseudonymous social community, Zorro, has raised $3.2 million as part of its seed funding spherical co-led by enterprise capital corporations 3one4 Capital and 9Unicorn Ventures, the corporate stated on Friday.
The spherical additionally noticed participation from a number of founders of ‘unicorn’ startups, together with Vijay Shekhar Sharma, founder, Paytm; Ritesh Agarwal, founder, Oyo Rooms; Ashish Hemrajani, founder, BookMyShow, Kunal Shah, founder, Cred, and BharatPe co-founder, Ashneer Grover amongst others.
In line with the corporate, the proceeds from the present spherical will likely be utilised to ramp up Zorro’s know-how staff, in a bid to speed up its product progress.
“One key concern these days is paid tweets and even paid opinions. Zorro is a pseudonymous social community, which is ring-fenced and content material moderated. This provides you a clear and genuine timeline consisting of individuals out of your community, sharing and consuming content material freely. Furthermore, we’re lucky to have some nice founders on board, who convey a wealth of expertise to the desk.” stated Jasveer Singh, co-founder and chief government, Zorro.
Early-stage enterprise capital corporations together with Eximius Ventures, Roots Ventures and Enterprise Catalyst additionally participated within the funding spherical.
“We live within the creator’s economic system and thus there’s a rising want for a pseudonymous platform the place you could be your self. Pseudonymity permits individuals to regulate their fame and publicity to undesirable social interactions and eat or create content material freely and pretty. It is a nice alternative and we’ve full belief within the founding staff of Zorro,” stated 3one4 Capital, in an announcement.
The platform is at the moment permitting customers to hitch the waitlist, and isn’t open for all customers but.
“There’s all the time a danger of being trolled and focused for the content material you share. Therefore there was a urgent want for a pseudonymous platform the place individuals can have free-wheeling conversations with out the worry of being judged. It is a nice alternative for us to be part of this progressive platform which we anticipate has a possible to faucet at the least 10% of the full Indian inhabitants,” stated Dr Apoorva Ranjan Sharma, founding father of 9Unicorns and Enterprise Catalysts.
Supply: Live Mint