Social networking startup CiSApp has announced that it has raised $174000 (INR 1.3 Cr) from seed round capital Inc, a Houston-based investment firm led by Brad Jenkins and Austin Hill; and Micro Ventures out of Austin, TX.
“We’ve raised around $200,000 to date, and looking to release our beta version in a month. Once we hit stage I of the release, we plan raise up to $2M in the next 12 months to continue scaling up CiSApp. Our goal is simple-build a platform for users, not their data, that will alter the way we interact on the internet. Our target is to hit 1M+ users by Q2’2021 and will open the reward-system in the platform once we hit that mark,” said Bhargav Varma, Co-founder, CiSApp.
The announcement said, “CiSApp’s business is fundamentally different than existing platforms. is notable in that it does not rely on advertising or the collecting and selling of user data, as do the big companies. CiSApp provide a platform to bridge the gap between companies and promoters.”
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.