Payment Solution Platform DanaMojo Raises Rs 3.05 Cr Funding From Rohini Nilekani, Social Alpha, Pravin Gandhi And Others
- ByStartupStory | July 7, 2021
DanaMojo, pioneered India’s first exclusive payments solution platform for NGOs, announced that it has raised Rs 3.05 crores from renowned philanthropist Rohini Nilekani and Social Alpha. Other investors who took part in this round included the General Partner of Seed funding Venture Fund, Pravin Gandhi, and Vasanthi Anand. DanaMojo Founded by Dhaval Udani in 2016. It was launched with an aim to simplify online payments for NGOs and reduce their overall time, energy and cost involved in managing their donations and enabling NGOs to focus on increasing their donations.
Dhaval Udani, Founder and CEO, DanaMojo said, “This investment is extremely encouraging for social entrepreneurs in India. With my experience in the NGO space, I understand the need for specialized services for non-profit organizations, and we hope to strengthen our offering to assist them in the best way possible.” Right after its inception, DanaMojo has on-boarded 900+ NGOs. It is one of the first organizations which provides a SaaS platform specifically for NGOs.
Manoj Kumar, Founder and CEO- Social Alpha said on investment, “The increase in online giving shows there is a growing preference to donate via digital channels. Through its integrated payment solutions, DanaMojo will empower donors to play a critical role in helping the vulnerable communities that have suffered the most during the lockdown. Technology can improve philanthropy by making a noble gesture effective, collaborative, transparent, and democratic. The contributions of NGOs in strengthening the socio-economic development process by engaging at the grassroots level is crucial to nation-building. The seamless experience provided by DanaMojo’s disruptive solution has the potential to encourage more philanthropists to come forward and create a larger pan-India impact.”
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