Vikhyat founded GrOffr raises funding
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Vikhyat founded GrOffr raises funding
Mumbai: Mumbai-based group buying site GrOffr.com is raising its first round of funding from Indian Angel Network. The fund will be used by the company for expansion, reports DealCurry. Co-Founded by two IIM-Kozhikode alumni Vikhyat Srivastava and Sandeep Reddy in 2010, the portal offers deal in real estate, automobiles, electronics, where they aggregate demand for the product and get discounts, which a singular buyer would have and difficulty in negotiating. The deals are time bound in nature. Earlier this year in March, the company acquired Mumbai-based Mobstreet.in, which was founded by Spandan Tolia. Sandeep Reddy handles the strategy function and deal sourcing for GrOffr. He has a strong financial services background. He has an experience of three years in covering real estate as an analyst at Kotak Institutional Equities. He is an MBA from IIM-Kozhikode in 2006 and BE (Cvil Engineering) from Delhi College of Engineering in 2003. Vikhyat Srivastava handles the deal sourcing, execution and technology verticals at GrOffr. He has four years of experience in funding real estate companies, while he was a part of Kotak Real Estate Private Equity Fund. He is a computer science graduate with a patent and seven published papers in his name. He is also an MBA from IIM-Kozhikode. Indian Angel Networks was founded in 2006 and operates in Delhi, Mumbai, Bangalore and Pune. They have invested in Canada-based Jigsee earlier this year, which is a provider of adaptive video streaming technology for wireless devices.

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