TouchTalent, a global network and a marketplace for creative minds has announced that it has raised seed funding of about Rs. 4 crore in a round led by private equity firm SAIF Partners.
Angels like Makemytrip’s founder Deep Kalra; Flipkart’s co-founders Sachin and Binny Bansal; Prashant Malik of Cassandra; Amit Ranjan of SlideShare and other investors also participated in the round through online fund-raising platform LetsVenture.
Reported by ET, the New Delhi based startup which allows artists to not only feature their artworks but also get compensated for their work is going to use the funds to build its product and team, expand its mobile presence as well as to move into newer geographies. Ankit Prasad, co-founder and chief executive of TouchTalent wishes to take the current user base of TouchTalent of 300K to 2M by the end of the year.
In fact Ankit who had spoken to us in the second quarter of 2013 had stated that the platform wants to touch a user base of 18M by 2015. Talking with VCCircle about the investment and platform Ankit informed that the startup founded in July 2012 is witnessing daily visitors from more than 100 countries to share their creative content in visual, textual audio and video formats.
“The community has about 50,000 content creators and three lakh registered users. The number of visitors is expected to grow to a million in the forthcoming quarter with each user visiting about 10 pages and spending an average of 5 minutes on the platform. We are growing at 30 per cent month-on-month,” said Ankit.
Besides TouchTalent which makes money from Professional Studios intends to raise its Series A round of funding by the end of the current fiscal.