Crowdfunding website Catapooolt has raised raised $150k in seed funding from in a round led by Venture Nursery Angels, with participation from Calcutta Angels, ah! Angels and some people from the industry, reports iamwire.
The company will use the funds raised for upgrading its technology and hiring a bigger team along with marketing and business development activities. It also looks like the company will shift its focus to helping companies with early stage products raise funds, as opposed to promoting art related projects. The company normally charges 10-15% of the funds raised as commission and recently tied-up with Aam Aadmi Party to help the political party raise funds. However, it is worth noting that the payments for AAP campaign is made on the political party’s website and not on Catapooolt as it does not have the certification to issue tax exemption letters for political contributions.
Wits Solution raises $50,000
App development and digital marketing company Wits Solution has raised $50,000 from Devindra Mankare of Clockwork Business Solutions, reports NextBigWhat. The company will use the funds to hire more employees and expand its operations to other cities. On its website, the company lists Purvankara, Kaleidoscope, One World, Ajmera, Century as clients.
PK Online in talks to raise funding
Digital content and advertising company PK Online is in talks with investors to raise Rs 100 crore, after making Rs 26 crore in revenues this financial year, reports NextBigWhat. The company will use the funds raised to expand its team and for content creation.
It operates YouTube channel Cinecurry, video-on demand service HelloTV and music & video store Hello1, apart from mobile monetization solution called AdChakra.