2015-06-06

Investopad incubated startup MyPoolin raises seed fund

MyPoolin was founded in January 2015 by Ankit Singh and Rohit Taneja, alumni of IIT Delhi, Delhi College of Engineering and FMS Delhi.

Investopad incubated startup MyPoolin raises seed fund

Investopad incubated MyPoolin has raised seed-funding from from Sharad Sharma (iSPIRT), Rajan Anandan (MD Google India), Sunil Kalra, Amit Ranjan (Co-Founder - Slide Share), Rohan & Arjun Malhotra (Investopad), Jaspreet Bindra (ex- Microsoft, AskMe), Gautam Gandhi (ex-Google), Steve Sule and Gagan Dugal (Matrix Cellular).

MyPoolin is a mobile peer-to-peer and group payments social network. It helps people make plans and pool money together for movies, events, parties, group-gifting and trips. The product is a simple and intuitive app that aims to kill uncomfortable “You Owe Me” situations.

“Launched in mid-May on the Android store, MyPoolin rocketed to the Top 10 new free apps in its category just 3 days after launch,” said the company’s official release.

MyPoolin was founded in January 2015 by Ankit Singh and Rohit Taneja, alumni of IIT Delhi, Delhi College of Engineering and FMS Delhi. MyPoolin launched as a web app and quickly gained traction on the website hitting Rs 10 Lakh in revenue in its first 4 months.

“As young Indians increasingly socialise over movies, events, trips and dinners, MyPoolin’s social focus on “planning” becomes important. Usually a user takes initiative of making plans for the group but get stuck paying the bill – and then badgering the rest to pay up! Moreover, the entire coordination and decision making is no less painful. Amongst the crowded payments ecosystem of innumerable wallets, MyPoolin’s unique take addresses a problem that hits close to home,” said Rohit Taneja, Co-Founder, MyPoolin.

MyPoolin is an aggregator of many mobile wallets and payment systems striving to provide inter- operability for seamless group payments.

Related opportunities
  • Quick Service Restaurants
      Formats Investment Brand Fee Space Staff Exp. Monthly Sales Profit Margi..
    Locations looking for expansion Maharashtra
    Establishment year 2013
    Franchising Launch Date 2018
    Investment size Rs. 50000 - 2lakh
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Pune Maharashtra
  • Consumer Electronics
    Established in the year 2000, Lotus has emerged as the..
    Locations looking for expansion Delhi
    Establishment year 2000
    Franchising Launch Date 2023
    Investment size Rs. 2 Cr. - 5 Cr
    Space required 5000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Delhi Delhi
  • Organic Products
    As a Company M/s. Bridges and Bonds was started by..
    Locations looking for expansion Maharashtra
    Establishment year 2019
    Franchising Launch Date 2022
    Investment size Rs. 5lakh - 10lakh
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Haveli Maharashtra
  • Quick Service Restaurants
    Our Brand "BHAJIYAWALA & CO." is rapidly growing and is..
    Locations looking for expansion Maharashtra
    Establishment year 2019
    Franchising Launch Date 2023
    Investment size Rs. 10lakh - 20lakh
    Space required 300
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Borivali west Maharashtra
Insta-Subscribe to
The Franchising World
Magazine
tfw-80x109
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
email
mobile
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities

Free Advice - Ask Our Experts

pincode
;
ads ads ads ads