Total amount raised
$1.4 Millions
Latest funding date
01/01/2024
Location
Knocksense has successfully raised funding through multiple rounds, with notable investors including GI Ventures and LetsVenture. The platform offers local news and recommendations, focusing on delivering relevant content to its audience.
Keep reading to explore the intricacies of Knocksense's fundraising journey and the investors backing this dynamic media platform.
What Is Knocksense?
Knocksense, founded on November 3, 2016, operates in the media and entertainment industry, focusing on local news and recommendations. The company is headquartered in Lucknow, Uttar Pradesh, India, and was founded by Varul Mayank and Vibhore Mayank.
With a team of 11-50 employees, Knocksense provides localized news and updates for various cities in India, including Lucknow, Kanpur, Indore, Goa, Mumbai, and Ahmedabad. The platform aims to keep its audience informed about the latest happenings in their respective cities.
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 and technology.
- 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 ongoing operations and further platform development.
- Angel Round
- Amount Raised: $200K
- Date: January 2021
- Lead Investors: Mohit Saytanand
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To fuel initial growth and development of the platform.
- Convertible Note
- Amount Raised: $150K
- 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: $1M
- Date: April 2023
- Lead Investors: Nitish Mittersain
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance content quality.
- Venture Round
- Amount Raised: Not publicly disclosed
- Date: January 2024
- Lead Investors: GI Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further expand the platform and increase market reach.
Total Amount Raised: $1.35M
Current Valuation: Not publicly disclosed
Key Investors
- Nitish Mittersain
- Details: Nitish Mittersain is the founder and CEO of Nazara Technologies, a leading mobile gaming company in India. He has been instrumental in growing the company into a major player in the gaming industry.
- Investment Focus Areas: Gaming, technology, mobile applications
- Notable Investments: Nazara Technologies, HalaPlay, Sportskeeda
- APPYHIGH
- Details: APPYHIGH is a tech company co-founded by Venus Dhuria, focusing on building and scaling innovative mobile applications. The company has a strong presence in the app development ecosystem.
- Investment Focus Areas: Technology, mobile applications, digital content
- Notable Investments: Not publicly disclosed
- We Founder Circle
- Details: We Founder Circle is a global community of successful founders and strategic angels that invest in early-stage startups. They provide seed funding, business development, and global networking opportunities.
- Investment Focus Areas: Early-stage startups, sustainability, strategic growth
- Notable Investments: Not publicly disclosed
- Mumbai Angels Network
- Details: Mumbai Angels Network is a prominent angel investment network in India that provides capital to early-stage startups. They have a wide network of investors and a strong track record in the startup ecosystem.
- Investment Focus Areas: Early-stage startups, various sectors
- Notable Investments: Not publicly disclosed
- Mohit Saytanand
- Details: Mohit Saytanand is an angel investor with a focus on early-stage startups. He has a background in media and entertainment and has been involved in various entrepreneurial ventures.
- Investment Focus Areas: Media, entertainment, early-stage startups
- Notable Investments: Not publicly disclosed
What's Next for Knocksense?
Knocksense is poised for significant growth as it expands its flagship product, KnockOFF, to new cities. This expansion will leverage the platform's existing 20 million monthly impressions, creating a content-driven community that facilitates local transactions. The development of technology for KnockOFF and the production of engaging content, including recommendations and videos, are key opportunities that can drive substantial growth.
Future fundraising opportunities are likely as Knocksense continues its rapid expansion and technological advancements. The company's impressive growth metrics and ambitious plans suggest that additional funding rounds may be on the horizon to support further geographic and technological expansion.
However, Knocksense may face challenges such as scaling technology and operations to new cities, maintaining the quality of hyperlocal content, and competing with other platforms. Ensuring continuous growth in user engagement and transactions will be crucial for sustaining its momentum in the hyperlocal content space.
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