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ah! Ventures invests in News driven Micro Social Network Startup Yoro through its First Gear Platform |
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| ah! Ventures invests in News driven Micro Social Network Startup Yoro through its First Gear Platform. This is ah! Ventures’ 69th investment (in 54 Startups) taking its total investment portfolio to INR 200 CR (~28.5 MN USD) with 10 exits till date. This is ah! Ventures’s 6th investment in 2021 and we plan to do 50+ investments in 2021 totalling to INR 150+ CR (~21MN USD). |
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| Yoro is revolutionising news consumption through its micro social network with the help of features like Pings, Posts, Actions & Interactions, Personal Development and creators. Continuous goal of Yoro is to make news consumption easy for users using AI so that you are not cluttered with unimportant news. |
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| Sapan Shah, founder of Yoro says, “Consumer's definition of what counts as news, how it affects them and how they want to use it is evolving more now than ever. News has always been something that in addition to keeping us aware, is an important medium for connecting us with our friends, family, peers, communities and society. We want to put that control back into the consumer's hands, help them with deciding, organizing and playing around with news, use it to connect with people, rather than deciding for everybody what news is and then compete for views and clicks.”
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| Sapan also adds, “We are very fortunate that ah! Ventures recognizes this vision and feel extremely happy to work with them to take this out to market. They have great depth of knowledge in the ecosystem and about the market. With that, it is going to be a very different, very exciting journey for all of us.”
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| Amit Kumar, Partner, ah! Ventures says, “News and content have always been of keen interest to us. We were excited to learn that Yoro is attempting to create new experiences for how people use news in their social lives, while also making news more personal and meaningful, which will attract people across demographics. We look forward to working with the team and be a part of this fun filled and meaningful journey."
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| Interested in knowing more about this venture, write to Amit at amit.kumar@ahventures.in.
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| ah! Ventures is one of the world's largest fundraising platform for early stage startups raising up to 10 MN USD. ah! Ventures has three platforms: First Gear, which helps startups raise upto 150K USD (INR 1 CR), Angel Platform, which helps startups raise upto 1 MN USD (Betweeb INR 1-7 CR)) and High Tables Platform, which helps startups raise 1-10 MN USD (Upto INR 7-70 CR). Today ah! First Gear, Angel and High Tables platforms have over 70000+ entreprenurs, 2000+ seed/angel investors and over 1000 VCs & institutional investors registered with it. ah! First Gear, Angel and High Tables platforms till date have invested INR 200 CR (~28.5 MN USD) in 54 startups and 69 investments and have announced 10 exits. |
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| Contact: Abhijeet Kumar, abhijeet@ahventures.in
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