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ah! Ventures invests in Social Media and MRTech Platform Opined through it’s First Gear Program |
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| ah! Ventures has invested in a Social Media and Market Research Tech (MRTech) Platform Opined through its First Gear Platform. This is ah! Ventures’ 77th investment (in 61 Startups) and 14th investment in 2021. ah! Ventures plans to do 50+ investments in 2021 totalling to INR 150+ CR (~21MN US$). |
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| Opined is a discussion-driven microblogging platform focused on people’s opinions. Humans
are inherently opinionated, with a need to exchange ideas & opinions. In our day to day life,
we constantly find ourselves engaged in debates & discussions with our family, friends and
colleagues. However, when we look at the current online space, we rarely find these
meaningful discussions happening. Moreover, these opinions are not monetized at its full
potential with current passive and secondary social media analytics space. |
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| The current social media analytics space generates over US$3.6 billion annually and growing
at 34.1% CAGR. However, the primary market research stands at more than US$76 billion
annually. There is huge gap between the primary research and social media analytics and
Opined aims to build solutions to target this gap.
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| For the first time, users have an option to be part of a platform to join meaningful
discussions without unwanted noise and fear of judgement and companies can get
customised research through consolidated opinions.
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| Vipul Gajera, Co-founder said, “As per Edelman Trust Barometer report, 71% of people
agree that social media should be more meaningful. The same report also states that more
than 60% of people no longer trust social media platforms. This clearly shows the need for a
meaningful platform where users participate in sincere and noise-free yet light hearted
conversations. At Opined, our mission is to create the right platform that can help not only
the companies with customised research, but also our users with a world class Make-In-
India meaningful space.” |
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| “We are very excited to be part of the First Gear Program at ah! Ventures and looking
forward to work with some of the best minds in the Indian start-up ecosystem. We are
certain that our collaboration with ah! Ventures will help us achieve hyper growth in coming
months.”, He also added.
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| Amit Kumar, Partner, ah! Ventures said, “The Analytics and Insights space gets most
credibility when it is backed by first hand, genuine opinions and feedback. Opined is aiming
to address that very problem by making opinions more meaningful and effective for users
and brands. We are delighted to be a part of this exciting journey and am sure the team will
transform the platform where every opinion will count”.
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| Interested in knowing more about this venture, write to Amit at amit.kumar@ahventures.in.
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| Read more at Social News App YORO
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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 1 CR, Angel Platform, which helps startups raise upto 1 MN USD and High Tables Platform, which helps startups raise 1-10 MN USD. 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 210 CR (~30 MN USD) in 61 startups and 77 investments and have announced 10 exits (and 3 more exits are in process). |
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| Contact: Abhijeet Kumar, abhijeet@ahventures.in
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