ShabdaNagari has raised an undisclosed amount of bridge funding from ah! Ventures.
Through ah! Ventures the startup is being backed by key investors like Yogesh Chaudhary from Jaipur Rugs, Anirudh Damani from Artha Energy Project, Abhimanyu Singh from TaskUs & others
A brainchild of 3 founders, Amitesh Misra, Nikhil Tiwari and Amaresh Chandra Misra, with varied core competencies, gives ShabdaNagari its entrepreneurial and executional edge over the others.
Founded in January 2015, ShabdaNagari has witnessed around 2 lakh unique hits and 8 lakh page views on the platform. The company aims to utilize the funds mainly for its product development, marketing and promotional activities.
Commenting on ShabdaNagari as an offering to the ever growing Hindi speaking market, co – founder, Amitesh Misra says, “ShabdaNagari is the first platform on internet that offers social media services in Hindi. Competition in this space is scarce and still catching up. ShabdaNagari has a number of benefits on ease of access and usability. Availability of 5 different input options for typing Hindi on the platform is the one of the biggest advantages on ShabdaNagari over others.”
The platform receives more than 80% of the traffic coming from India and around 10% coming from USA, UAE and Canada.
In addition to the ah! Angels like Yogesh Chaudhary, Anirudh Damani and Abhimanyu Singh, ShabdaNagari has also been backed by investors like Abhishek Singhania from the JK Group, Manoj Agrawal from Kanpur Plastipack and Rakesh Suri from Suri Shoes.