Community creator monetisation platform Convosight has announced that it has raised $9M in Series A round. The round was led by Qualgro, a Singapore-based VC firm and saw participation from Ajay Gupta (ex-McKinsey), Unilever Ventures and existing investors Sequoia Capital India’s Surge and IvyCap Ventures,
The platform will use the funds to scale its team across product, data, and technology, and expand into US and South East Asia markets.
Heang Chhor, Managing Partner & Founder of Qualgro, stated, “Convosight is igniting a new ecosystem for community marketing, which will impact millions of community creators and start a new chapter in marketing. They have leveraged their unique tech and data platform in creating a new purpose-led digital marketing category. Qualgro will help them further accelerate international expansion and build a global presence.”
“Convosight helped me monetise my Facebook group by partnering with large brands. I also learnt how to make a brand pitch, how to connect with brands, and how to do campaigns independently. With Convosight, I have been able to increase my monthly income to $2000 a month,” added Akanksha Bansal, a community admin of parenting lifestyle.
Arya has been a part of the Content & Research Team at Hrnxt.com. She is a keen observer of economic developments, emerging businesses, people in business and keeps a tab on latest happenings in the business environment.