India: Anand Mahindra invests in social media platform Hapramp

Anand Mahindra. Photo: Reuters

Anand Mahindra, chairman, Mahindra Group has invested $1 million in Hapramp, a blockchain-based social media startup.

Gurugram-based Hapramp will use the seed funding to work on big social media challenges such as user privacy, data security, and fair content monetization as part of its product offering, the startup said on Wednesday.

“Took 2 yrs, but I finally found the start-up I was looking for! @Hapramp is indigenous, built by 5 young founders & brings together a best-in-class combination of creativity, technology & data protection,” Mahindra tweeted today.

In 2018, Anand Mahindra had announced on Twitter that he was looking to back an Indian social media startup that meets certain criteria.

Founded in 2018 by a team of five Computer Science graduates, Hapramp builds solutions that enable people to take control of their data and earn a fair fraction from its monetary value. The startup has been incubated through its early days by Huddle, a leading sector-agnostic incubator.

“We are extremely excited and proud to be the next-gen Indian social network startup backed by Mr. Anand Mahindra. This is a massive approval of our mission to give creators the right to their content. The fact that this comes from him, someone whom we admire and who has always supported creators, gives us confidence,” said Shubhendra Vikram, CEO and co-founder of Hapramp.

Hapramp sees itself as an idea lab working on the ideas that emerge from the confluence of the creative industry and information economy.

Besides its flagship social networking solution GoSocial, Hapramp is working on 1Ramp.io, a rewarding social media platform powered by Steem Blockchain; and Asteria Protocol, a new standard for platforms to privately and securely treat public data. Hapramp expects to take them to market in the coming year.

This article was first published on livemint.com

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

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  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.