Impact Guru, a Mumbai based startup has raised a Seed round of $500k from RB Investments, Singapore VC and Southeast Asia private fund, Fundnel. The fund will be utilised to expand its team, improve sales and product development and marketing efforts.
Impact guru is a Crowdfunding startup that provides crowdfunding solution combining social and donation, Investment crowdfunding and rewards crowdfunding. It has offices in New Delhi, Mumbai, Hong Kong, Singapore, San Francisco and Kuala Lumpur.
Piyush Jain, Co-Founder and CEO of Impact Guru said
“The traditional charity and social enterprise fundraising model in India is broken. The alternatives to online fundraising are outdated, expensive, and ineffective. We firmly believe that a full stack crowdfunding solution that combines social, rewards and investment crowdfunding will make Impact Guru a platform of choice for all.”
Fundnel’s private investment network was used by Impact guru for facilitating equity or debt funding for startups and enterprises. 3 months ago Fundnel’s linked a deal with venture builder Anthill Ventures. Impact Guru and Fundnel both will engage in the collaboration and exchange of relevant know-how in crowdfunding, deal syndication and technology.
Kelvin Lee, Co-Founder of Fundnel said
“We aim to further scale our footprint through this partnership in order to gain access to the Indian startup and investment community. Furthermore, with this door into the niche market of social enterprises, we believe that we can provide our new and existing investors with more innovative deals and socially responsible investing opportunities,”
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