Total amount raised
$1.4 Million
Latest funding date
01/01/2024
Location
Knocksense has successfully raised funding over seven rounds, with the latest being a Venture - Series Unknown round. The platform is backed by 23 investors, including notable names like GI Ventures and LVX Ventures.
Keep reading to explore the intricacies of Knocksense's fundraising journey and the investors backing this dynamic digital content platform.
What Is Knocksense?
Knocksense is a dynamic digital content platform based in Lucknow, Uttar Pradesh, India. Operating within the Media and Entertainment and News industries, the company provides localized news and updates for various cities across India.
With an employee count ranging between 11-50, Knocksense aims to keep residents informed about the latest happenings in their cities, covering a wide range of topics including local events, food spots, and cultural activities. The company operates under the name "Knocksense Media Services Private Limited."
How Much Funding Has Knocksense Raised?
- Pre-Seed Round
- Amount Raised: Not publicly disclosed
- Date: May 2017
- Lead Investors: Neelansha Dwivedi
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the platform and develop initial content.
- Seed Round
- Amount Raised: Not publicly disclosed
- Date: September 2018
- Lead Investors: Amitesh Pandey
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand content offerings and increase user base.
- Convertible Note
- Amount Raised: Not publicly disclosed
- Date: June 2020
- Lead Investors: Mumbai Angels
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support operational costs and further platform development.
- Angel Round
- Amount Raised: USD 200,000
- Date: January 2021
- Lead Investors: Mohit Saytanand
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance platform features and expand market reach.
- Convertible Note
- Amount Raised: USD 150,000
- Date: November 2021
- Lead Investors: APPYHIGH, We Founder Circle
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support tech development and geographic expansion.
- Seed Round
- Amount Raised: USD 1,000,000
- Date: April 2023
- Lead Investors: Nitish Mittersain
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance content quality.
- Series Unknown
- Amount Raised: Not publicly disclosed
- Date: January 2024
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further expand the platform and explore new market opportunities.
Knocksense has raised a total of USD 1,350,000. The current valuation is Not publicly disclosed.
Key Investors
- We Founder Circle
- Details: Established in 2020 in Mumbai, We Founder Circle is a global community of successful founders and strategic angels. They invest in early-stage startups and provide seed funding, business development, and global networking opportunities.
- Investment Focus Areas: Early-stage startups, sustainability, strategic approach.
- Notable Investments: Various early-stage startups across different sectors.
- Mumbai Angels Network
- Details: Mumbai Angels Network is a prominent angel investment network in India, known for investing in early-stage startups. They have a diverse portfolio and are one of the leading angel networks in the country.
- Investment Focus Areas: Early-stage startups, technology, healthcare, consumer products.
- Notable Investments: Multiple startups across technology, healthcare, and consumer products.
- APPYHIGH
- Details: APPYHIGH is a lead investor in Knocksense's bridge round, co-founded by Venus Dhuria. The company focuses on leveraging hyperlocal expertise into online commerce.
- Investment Focus Areas: Hyperlocal content, online commerce platforms, technology startups.
- Notable Investments: Technology startups and content platforms.
- Mohit Saytanand
- Details: Mohit Saytanand is an angel investor who participated in Knocksense's funding rounds. He is known for his strategic investments in early-stage companies.
- Investment Focus Areas: Early-stage startups, strategic investments, diverse sectors.
- Notable Investments: Not publicly disclosed.
- Nitish Mittersain
- Details: Nitish Mittersain is a key investor in Knocksense's seed round. He is a prominent figure in the investment community with a focus on technology and media sectors.
- Investment Focus Areas: Technology, media, early-stage startups.
- Notable Investments: Not publicly disclosed.
What's Next for Knocksense?
Knocksense is poised for significant growth, with opportunities to expand its hyperlocal content platform into new cities and enhance its tech capabilities. The company's flagship product, KnockOFF, aims to connect local brands and freelancers with consumers, creating a vibrant content-driven community. With over 20 million monthly impressions, the potential for growth is substantial.
Future fundraising rounds are likely as Knocksense continues to scale its operations and improve its technology. The rapid growth in user engagement and transactions suggests that additional investments will be necessary to support further development and geographic expansion.
However, challenges such as maintaining content quality while scaling and facing competition from other hyperlocal platforms could pose hurdles. Ensuring continuous growth in user engagement and transactions will be crucial for Knocksense's sustained success.
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