Mumbai based #instamojo that lets you sell your stuff via a link has raised angel round from Rajan Anandan and Sunil Kalra.
Instamojo’s basic USP lies in the belief that selling or giving your things online should be as simple as posting it, sharing the link and then giving it away. Co-founded by Sampad Swain, whose previous ecommerce venture WanaMo was acquired and later launched as DealsAndYou, Instamojo launched its public beta @UnPluggd event.
The funding was closed a few weeks back and is being used for development efforts (interestingly, the investors, i.e. Rajan Anandan and Sunil Kalra met (for the first time) Instamojo founders at UnPluggd event).
Currently the site Instamojo allows users to set up their account by entering their Facebook credentials and start giving away things for free. In the current model in which the site is operating, there are two sections, either you “give away stuff”, which could be an old book, clothes or something else altogether. When you post about that stuff, you get a small link to share on social networking sites or you can embed it in blogs or even email it. People who need that thing can click on that link and decide upon a mutual location for the exchange to take place (from our earlier coverage).
Checkout Instamojo’s demo @UnPluggd: