Instamojo, Tech Startup Raises Angel Investment


Bangalore: Instamojo, a tech startup which sells away things by sharing unique links raised angel undisclosed-investment from Rajan Anandan and Sunil Kalra. It is reported that the raised funds would be used for the further development of the portal, by Dealcurry.

This company was founded by Aditya Sengupta, Akash Gehani, Harshad Sharma and Sampad Swain. The website lets a user to upload his product/service for which he would receive a unique link which can be shared on any social networking site or anywhere on the internet. After sharing the link, an interested user would claim it and the seller would receive an immediate intimation email from the portal.

Instamojo currently focuses on selling virtual products or digital contents. The portal provides free service at the moment but plans to monetize the service by charging a percentage on every transaction processed through this website.

Rajan Anandan, head of Google India have been actively investing and mentoring startups in India since 1990. His recent investments include CHERISHmaternity.com, Myshaadi.in, iDubba, authorSTREAM.com and Webklipper Technologies.