Kutumb Social Community App

The Bangalore-based startup, Kutumb has raised $26 million in a Series A round led by Tiger Global. Kutumb has built a social community app platform focused on Bharat. As per the filings of the company with the registrar of companies (ROC) the startup has allotted 2,919 Series A CCPS shares with a face value of INR20 and an issue price of INR6.57 lakh.

The total amount raised is INR192 crore ($26 million). Private equity major Tiger Global has invested $18.5 million in this round. Other investors included in the funding round are Rocketship VC, Quiet Capital, Nirman Investments, AL Trust, Better Capital and various others.

In December 2020, the startup has raised INR15.5 crore as part of the Surge programme. Other investors in the funding included are Kunal Bahl, Sujeet Kumar, Rohit Bansal, and Whiteboard Capital among others. Sachin Bhatia, with the supporting hands of MMT and Truly Madly’s has started India’s first LGBTQIA dating and community app. Kutumb was part of the fourth cohort of Sequoia’s accelerator programmer Surge.

Founded in 2020 by Abhishek Kejriwal, Naveen Dewangan and Vipul Allawadhi, Kutumb is a social networking app that lets users connect with their community informally and formally. The beginning of Kutumb enables discovery of various relevant communities, curated discovery of relevant content, discussions about issues in the community, connections with other community members, and security and moderation within community forums. It allows users to create apps to connect with people in their community, share news, stories, daily happening, and updates on the members and also serve as a discussion platform.

The primary target market of Kutumb is non-English speakers and the segment expected to be the growth driver for many businesses. These early-stage funding rounds reveal the high interest among venture capitalist firms and private equity players in the Indian startup ecosystem.
Despite the pandemic, the funding momentum into the Indian startups has not shown the slowed down rate in the current year. The majority of funding deals have been largely focused on early-stage startups.

Online Team AsiaTech
Online Team Asia Tech is a team of Journalists, Entrepreneurs, and Enthusiast Writers who contribute to the platform by bringing everyday stories, updates, opinions and insights from the Asian Startup Ecosystem.

More in Funding

You may also like