Social network Zorro raises $3.2 million in seed fund.
- ByStartupStory | December 11, 2021
Social networking site Zorro raised $3.2 million in a seed funding round co-led by 3one4 Capital and 9 unicorn Ventures, the company announced. Founders from unicorn startups, Vijay Shekhar Sharma, Ritesh Agarwal, Ashish Hemrajani, Kunal Shah Ashneer also participated in the round along with early-stage venture capital firms including Eximius Ventures, Roots Ventures and Venture Catalyst
According to the Pseudonymous social site, the proceeds from the current round will be used to ramp up its technology team, to accelerate its product growth. The pseudonymous aspect of its program is hailed by Dr Apoorva Ranjan Sharma, founder of 9Unicorns and Venture Catalysts, “There is always a risk of being trolled and targeted for the content you share. Hence there was a pressing need for a pseudonymous platform where people can have free-wheeling conversations without the fear of being judged. This is a great opportunity for us to be a part of this innovative platform which we expect has a potential to tap at least 10% of the total Indian population,” he said.
“One key issue in this day and age is paid tweets and even paid reviews. Zorro is a pseudonymous network, which is ring-fenced and content moderated. This gives you a clean and authentic timeline consisting of people from your network, sharing and consuming content freely. Moreover, we are fortunate to have some great founders on board, who bring a wealth of experience to the table” said co-founder and CEO of Zorro, Jasveer Singh.
The platform is not open for users yet but is currently allowing users to wait on the waitlist.
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