How Much Did Milaap Raise? Funding & Key Investors

Milaap has successfully raised funding over 5 rounds, with the latest being a Venture - Series Unknown round. The platform is backed by 10 investors, including Khosla Impact and Saurabh Nanavati.

Keep reading to explore the intricacies of Milaap's fundraising journey and the investors backing this impactful crowdfunding platform.

What Is Milaap?

Milaap, founded in 2010, is India's largest crowdfunding platform for personal causes. The company operates in the crowdfunding, finance, fintech, funding platform, and medical industries. It is based in Singapore and has a significant number of employees, ranging from 101 to 250.

The platform emphasizes trust and transparency, offering a user-friendly interface to set up, manage, and promote fundraisers. Milaap has been trusted by millions and charges 0% platform fees, making it a go-to solution for individuals seeking financial support for various personal needs.

How Much Funding Has Milaap Raised?

1. Round Name: Seed
   • Amount Raised: USD 75,000
   • Date: September 2010
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To establish the platform and begin operations.
2. Round Name: Seed
   • Amount Raised: USD 75,000
   • Date: September 2011
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To expand the platform's reach and improve technological infrastructure.
3. Round Name: Seed
   • Amount Raised: USD 100,000
   • Date: February 2012
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To further develop the platform and increase user acquisition.
4. Round Name: Series Unknown
   • Amount Raised: USD 1,100,000
   • Date: July 2013
   • Lead Investors: Jungle Ventures
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To expand engineering and marketing investments to enhance the online product experience and scale up marketing efforts.
5. Round Name: Series Unknown
   • Amount Raised: Not publicly disclosed
   • Date: May 2015
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To continue expanding the platform and support more personal causes.

Total Amount Raised: USD 1,350,000

Current Valuation: Not publicly disclosed

Key Investors

• Jungle Ventures
  • Details: Jungle Ventures is a Singapore-based venture capital firm. It focuses on early-stage investments in Southeast Asia and India.
  • Investment Focus Areas: Technology, consumer brands, fintech, healthcare, and logistics.
  • Notable Investments: Kredivo, Livspace, RedDoorz.
• Khosla Impact
  • Details: Khosla Impact is a venture capital firm founded by Vinod Khosla. It invests in companies that aim to improve the lives of people in emerging markets.
  • Investment Focus Areas: Healthcare, education, agriculture, and financial services.
  • Notable Investments: Driptech, Embrace Innovations, Varthana.
• Saurabh Nanavati
  • Details: Saurabh Nanavati is the CEO of Invesco Mutual Fund. He has extensive experience in the financial services industry.
  • Investment Focus Areas: Financial services, mutual funds, asset management.
  • Notable Investments: Not publicly disclosed.
• Toivo Annus
  • Details: Toivo Annus was a co-founder of Skype and an angel investor. He focused on technology startups.
  • Investment Focus Areas: Technology, software, telecommunications.
  • Notable Investments: Skype, Pipedrive, GrabCAD.
• Unitus Seed Fund
  • Details: Unitus Seed Fund is a venture capital firm that invests in early-stage startups in India. It focuses on companies that provide innovative solutions for the masses.
  • Investment Focus Areas: Education, healthcare, financial services, agriculture, and livelihoods.
  • Notable Investments: Hippocampus Learning Centres, UE LifeSciences, AddressHealth.

What's Next for Milaap?

Milaap stands at the cusp of significant growth opportunities. With a focus on expanding engineering and marketing investments, the platform aims to enhance its online product experience and scale up marketing efforts. This expansion could open doors to new regions within India, diversifying the types of loans and financial products offered.

Future fundraising opportunities appear promising as Milaap continues to attract venture capital and impact investors. The increasing focus on impact investing and financial inclusion in emerging markets aligns well with Milaap's mission, potentially drawing more investors.

However, challenges such as competition from other online lending platforms and regulatory compliance could pose hurdles. Ensuring loan repayment and managing credit risk will be crucial for maintaining investor and borrower trust. Despite these challenges, Milaap's strategic focus and industry trends suggest a bright future ahead.

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