Networking App, Nodd raises 1Cr in Angel Funding From a Group of Investors
NEW DELHI: Identifying a huge opportunity in the professional networking space, 11 entrepreneurs turned investors pump in INR 1 Crore in Noddapp.com. Mumbai-based Noddapp.com is an app based networking platform that helps individuals to discover and meet like-minded people through innovative curated experiences, using data analytics, experiences, and algorithms.
THE RAISED FUNDS WILL BE USED TO SCALE UP OPERATIONS AND EXPANSION ACROSS MAJOR METROS LIKE NEW DELHI, BANGALORE, MUMBAI, HYDERABAD, AND CHENNAI. PART OF THE INVESTMENT WILL ALSO BE DIRECTED TOWARDS BUILDING A STRONG TEAM AND TECHNOLOGY.
Speaking on the investment, Shubham Rai, Founder, and CEO, Nodd said, “The segment that Nodd caters to is an untapped space hence we don’t have any direct competition and that was one of the reasons why we have drawn 11 investors to participate in an angel round of funding. The funds will be used to increase our team size and invest in technology as well as expanding our geographical presence.”
The company was incepted in March 2016 by Shubham Rai (Founder-CEO), Arpit Bajpai, Co-founder and AVP and Rohan Haval, VP( Strategic Alliances and Marketing). Nodd app is an exclusive networking brand globally that follows a reference based model to onboard new members to their platform. The app helps individuals to network with achievers across different walks of life who have excelled in the academic and professional environment. Nodd targets the top 10 %ile of the global population which amounts to around top 170 Million people of the world, including Millionaires, educational achievers, entrepreneurs & professional achievers who love to network for mainly 3 reasons- Business Utility, Learning and Glamour.