2015-04-07

Bluegape raises Rs 1.2 crore from Rudy Gopalakrishnan of Fidelity and ah! Ventures

The company is backed by TLabs and has received a total funding of $500K till date.

Bluegape raises Rs 1.2 crore from Rudy Gopalakrishnan of Fidelity and ah! Ventures

Gurgaon based content platform Bluegape has raised $200K in an angel round of funding led by Rudy Gopalakrishnan of Fidelity and ah! Ventures. The official release stated that Rudy has invested Rs 1 crore in his personal capacity in this round. 

In January last year, Bluegape has raised a funding of $300K through LetsVenture.

Bluegape was founded by Sahil along with Ayush 3 years back. The company is backed by TLabs and has received a total funding of $500K till date.

Bluegape now provides a platform where anyone can make collaborative listicles with visuals, and people can add to the lists, they are visioned to convert world's knowledge in the form of lists of visuals. And these lists can further be embedded on other sites.

"When we started bluegape as fresh college grads, our journey started from Zero. But starting all over again with Zero users, Zero pageviews was both challenging and fun," said Sahil Baghla, Co-founder and CEO, Bluegape.

Bluegape claims to be doing over 4 million page views per day and aims to reach 30 million page views per day by the year's end. According to the company, over 200 listicles are created everyday on the platform.

"Pivots are never easy, but the story of bluegape is the one which proves that if you have a good team, persistence, passion, and enough motivation, then investors will back you through the thick and thin and the venture will achieve success that it is striving for. The confidence that Sahil & team projected during their investor interactions helped them close the commitments from ah! Angels within a matter of a week - which is a record in itself. We hope to be able to back more such entrepreneurs and ventures in the future," said, Harshad Lahoti, Founding Partner & CEO, ah! Ventures.

In India, a number of content platforms have managed to raise funds over the past year, signalling a new found interest amongst investors in the field of content and media. Some of the content platforms that raised serious funding include- ScoopWhoop raises Rs 10 crore from Bharti Softbank at an Rs 40 crore valuation, News In Shorts raises Rs 25 crore from Tiger Global & Existing investors, NewsHunt raises Rs 120 crore in Series C round from Falcon Edge Capital and Scroll got funded by Omidyar Network & New York based Media Development Investment Fund.

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