Crowdpouch Marketing Services Pvt Ltd, an all in one fundraising and pre-selling platform for startups, nonprofits, Innovative products and Creative ideas, announced that it has raised angel funding from Elina Investments. Financial details of the funding remain undisclosed.
Founded by Syed Safawi, Elina concentrates on early-stage bets and has invested in companies including GoMechanic, PadUp, Zefmo Media and Tarnea Technology.
Founded by Vittal Ramakrishana, Crowdpouch will use the current funding for product development, as well as branding efforts and expanding its team.
“Through Crowdpouch, our vision is to create a niche fundraising ecosystem where all essential factors culminate seamlessly to build a nation of dreamers and achievers,” Ramakrishna said.
Elina director Divyendu Kumar said that the firm was confident of its bet on Crowdpouch because of its potential to democratise fundraising opportunities in the Indian market.
Crowdpouch is among a handful of crowdfunding- and fundraising-focussed financial-technology startups operating in the country. These include Ketto, Wishberry, ImpactGuru, and Crowdera.
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