Content sharing app SuperShare raises Series A led through Lightspeed
- ByStartupStory | February 3, 2022
Smartphone dialer and verbal exchange platform Quiph’s SuperShare has raised Rs 48. five crores or $6.five million in a Series A spherical from new and current investors. This will be the 2d investment spherical for the organization withinside the beyond years. It had raised $1.6 million in March 2020 for its maiden product QTalk.
Quiph has allocated 3861 Series A choice stocks at a trouble charge of Rs 125,548.12 consistent with a percentage to elevate Rs, 48. five crores. Lightspeed has led the spherical with Rs 32. three crores while current backer Accel has poured in Rs 11.2 crore.
Utsav Somani, Angelist, Capier, Reddy Holdings, and Matilde Giglio have together poured withinside the relaxation Rs five crore. According to Fitrackr`s estimates, Quiph has been worth Rs 273 crore or $36 million (post-money).
QTalk changed into Quiph`s first product which changed into a voice-first cellular verbal exchange platform and constructed an environment of services and products to weed out problems with digital and offline communications. However, the organization appears to have deserted it and released a brand new app SuperShare (Android-only).
SuperShare rewards customers for sharing hyperlinks aka content. According to its website, its app has over 22,000 creators, 5000 groups with an attain of 70 million.
Following the funding spherical, co-founders Sagar Modi and Adhvaith Vishwanathan keep 33.7% and 14.43% retaining withinside the organization. Lightspeed has expanded its stake to 20% while Accel now controls 17.three% stake in Quiph following this transaction. Refer to the pie chart for the entire capability
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