VoxWeb, a mobile-first special-purpose social networking app has raised $1 million from individual investors while fintech firm Kissht has secured $2 million from Endiya Partners.
Speaking pictures social networking app VoxWeb raises $1m
VoxWeb, a mobile-first special-purpose social networking app, has raised $1 million from unnamed individual investors in its third round of funding, the company said in a statement.
Post deal, VoxWeb promoters and employees will continue to hold 80 per cent stake in the company.
“VoxWeb will use the funding to strengthen back-end technologies and to add innovative and engaging front-end features to cater to the new generation of social media users termed as Facebook-Nevers”, the company said.
Founded by Yash Mishra, IIT Kanpur graduate and JP Morgan research analyst, in 2014, VoxWeb app allows creation of speaking pictures by enabling users to add voice note of up to 11 seconds to an image.
Fintech co Kissht bags $2m from Endiya Partners
Run by OnEMI Technology Solutions Pvt Ltd, Kissht is also in talks to raise Series B funding, according to an Economic Times report.
Founded in 2015, Kissht provides collateral-free loans to consumers to facilitate purchases such as mobiles, laptops, jewellery and electronics.
“Going forward, we will be a data and analytics company enabling consumers to get loans from banks and NBFC working with us as lending partners,“ said Krishnan Vishwanathan, CEO, Kissht told ET reporter.