3.3 cr from Investors for Impact Guru
Bengaluru: Impact Guru, a Harvard Innovation Lab incubated fintech that offers a full stack crowdfunding solution, has raised a seed round of $500,000 (.`3.3 crore) from RB Investments, a Singapore-based VC firm, and Fundnel, a Southeast Asia-based private investment platform.
The funds will enable Impact Guru to scale social/donation crowdfunding (online) for nonprofits, social enterprises and personal causes; and leverage Fundnel’s private investment network for facilitating equity or debt funding (offline) for startups and social enterprises in India and Southeast Asia. The funds will also be utilised to expand Impact Guru’s core team, to accelerate product development, and sales and marketing efforts, particularly for rewards crowdfunding for startups and social enterprises, and to build a larger community of donors, customers, and investors.
Funds will also be utilised to expand co’s core team