Company Name : ShabdaNagari
Funding Amount : $2,00,000
Investor(s) Kanpur Angels
Funding Round : Angel round
ShabdaNagari has raised $2,00,000 from Kanpur Angels and a clutch of other investors. The funds raised will be used to expand genres on the site and upgrade user interface.
ShabdaNagari is a Hindi social networking portal, launched in January 2015 by IIT Mumbai alumni Amitesh Mishra along with Kaplnesh Gupta and Nikhil Tiwari.
Kalpnesh Gupta, Co-founder, ShabdaNagari, said, “With ShabdaNagari, we want to bring together Hindi speakers online where they can connected with like minded people and express their thoughts in their language. In the online space today, Hindi doesn’t feature in even top 10 languages despite being one of most popular languages. We have a goal of bridging this digital divide. The angel investment will give us the boost and confidence to grow ShabdaNagari into one of the largest social networking platform in the country.”
ShabdaNagari has more than 20 thousand registered users, 150 thousand unique visits, 6 lakh page visits and over 100 articles being published on the site everyday with 25% repeat traffic, claims the company.
In the coming months the company aims to reach over 1 — 1.5 million users, provide native mobile applications; create a marketplace for vernacular books on ShabdaNagari.