Social Network Website Investment Opportunity in Chennai, India

- Online platform with a mobile app to teach and learn new hobbies, interests, and skills.
- Launched the full-fledged application in both iOS and Android. Web application development is in progress.
- Crossed 60K users and 150+ focussed communities till date.
- Clocked 2,70,000+ active sessions in the last four months (sessions with more than 3 mins each).
- Crossed 29,500 content and discussions.
- Launched an exclusive weekly newsletter for our books community that has 12,000+ members.
- Launched a novel for users to look back on how they explored their interests throughout the year and share them with the world in a super cool manner. We received 5,000+ impressions.
- Launched a new feature where we do weekly contests in which users can participate by creating content within the app and win exciting rewards. Have done 10+ challenges, received 300+ entries, and 10,000+ engagements. Have started partnering with brands for rewards. Some of them include Udgam Reads, Waffle Mill, Fittr.
- Ended up as a finalist (in the top 30 out of 650 startups) in Tanseed - an early-stage grant program by the government of Tamil Nadu.
- Onboarded 50+ experts/mentors, 15+ colleges and committees and done 60+ exclusive sessions.
- We are offering the services for free at the moment and the monetized sessions will kickstart by this month.
- Will generate revenue by charging commissions from the tutors.
- We also conduct free college sessions.
- D7 and D30 of our power users are at 55% and 30% respectively. These power users constitute 28% of our total user base and are growing at 20% MoM.
- We use Azure for our infrastructure, and we have a $25,000 credit with them.
- Raised pre-seed investment from Fittr, a leading online fitness company from India.
- Have 2 directors and one of the director owns the majority stake.
- Company has no liabilities.