How much did FindYogi raise in Series A Funding?
FindYogi.com raises Rs 55 Lakhs in the initial Funding Round led by Raju Vanapala CEO of Way2SMS. The startup company will use the funds to strengthen the technology and data team.
Why did Raju Vanapala Invest in FindYogi.com?
In Raju's words "The space around shopping assistance and buying decisions is interesting. Given the buzz around ecommerce in India, consumers are coming online for shopping related activity. Though a lot of them may not end up buying online but the decision making still happens on the web. Given the founder's work at previous startups, I trust FindYogi should make it big in the space."
It's a Bangalore based web startup that helps consumers make better buying decision through its comparative platform. Founded in Oct 2012 with the sole vision of making shopping decisions easier for consumers. The web application currently helps with purchases for mobiles and tablet computers. New product categories like laptop, camera and other consumer durable's will be added over the next few months.
Naman Sarawagi and Anil Bhat have worked for some well-known Indian and international web and technology companies before taking the entrepreneurial jump. While Naman was part of the initial team at Freecharge, now funded by Sequoia Capital, and ZipDial, Anil was part of the technology team at Novell and Yahoo for over 6 years.
What value does the the founders expect from Raju vanapala?
Naman says “I believe Raju’s investment brings in more than just money for us. His experience of running one of the most used and highly profitable web applications in India is a great value add as a mentor.”
Tags: FindYogi.com raises Rs 55 Lakhs in the initial Funding Round, $100 K fundraising by indian startup findyoga.com