Company Name : Loud Shout
Funding Amount :
Investor(s) Sanjay Sethi (Co-Founder, ShopClues), Ravi Jaipuria (Devyani Foods and Varun Beverages).
Funding Round : Angel
Noida-based Loud Shout has raised funding from ShopClues co-founder Sanjay Sethi, Devyani Foods and Varun Beverages Ravi Jaipuria and a Hong Kong based investment banker.
Loud Shout is a hyper local bulletin board app, which was launched last month, allowing users to communicate anonymously. Based on mobile GPS, the app lets you broadcast a message within a 5km radius as well as designate an area which it will treat as a ‘basecamp’. Currently, the app is available for campuses on an invite only basis functioning across 70 campuses.
The app does not require people to know or follow each other in order to communicate. With under 25s in India driving growth in the smartphone market Loud Shout aims to foster local communication between the youth.
They are going to use the funds to add new features to the app in order to drive user engagement and have a plan to roll them out systematically over the next year.