Local Discovery Platform Shouut raises $500,000 in Angel Round( 13:05, 03-Mar-16)
Shouut informs users about places, events and offers close to them, and helps businesses amplify deals to users near their business location Shouut, a social discovery app by Giant Tech Labs Pvt Ltd, has secured $500,000 in angel funding from a high net-worth individual angel investor. The funding, representing one of the largest deals in the angel round in India, reflects Shouut abilities in the app ecosystem, claims the start-up. For users, Shouut enables discovery of places, events and offers around the users' location and for businesses, the start-up enables amplification of business deals to users around their business location.
The start-up was founded by Praveer Kochhar, after about 10 months to develop the product and Shouut finally took shape in February 2016 in the form of an Android app. Shouut is presently associated with some of the top brands in the retail space like Shoppers Stop, Croma, Reliance Digital, DLF Promenade, Benetton and many more.
Kochhar commented, "We have the ecosystem ready with brands, retailers etc. and now, we are ready for the next level of growth. We are excited to have the support of the investor who has shown trust in our product, and most importantly in our business vision. We are now ready for Scale" he added.
Shouut publishes content across various categories like food & drink, nightlife, shopping, travel & stay and leisure & outdoor. Shouut aggregates from over 150 expert bloggers, travel writers, publications and experience providers to generate content on the platform and has more than 25,000 recommendations across categories, which enable discovery in over 1,100 towns in India. Some of the content partners are Lonely Planet India magazine, So Delhi, The Daily Pao and Kunzum Travels.
Shouut has recently rolled out a new program called Shout Fund - a platform that provides bloggers, travellers, and people to discover their city or the country
Source - Business Standard.Powered by Capital Market - Live News