Startup City Magazine

Money Pooling Startup MyPoolin Raises Seed Funding from Angel Investors

Bangalore: Delhi based Mobile payments social network startup MyPoolin raises an undisclosed amount in seed funding round from angel investors including Sharad Sharma – iSPIRT, Rajan Anandan – Managing Director, Google India, Sunil Kalra, Amit Ranjan – Co-Founder, SlideShare, Rohan & Arjun Malhotra – Investopad, Jaspreet Bindra –Ex-Microsoft, AskMe, Gautam Gandhi – Ex-Google, Steve Sule and Gagan Dugal – Matrix Cellular.

Incorporated in 2015 by Ankit Singh and Rohit Taneja, MyPoolin is a mobile and group payments social network that allows people to plan and pool money for movies, events, parties, group-gifting and trips. Incubated by Investopad since commencement, the firm launched its new mobile app in the Google Play Store last month, which claims to gained traction of Rs.10 lakh revenue in its first four months. The new Android app brings the planning and payments solution to a mobile audience as well.

To use the app, a user who plans the party needs to do is share the plan with their friends who can then discuss and vote in/out within the app. Once everyone decides, people can pay their share for the party, using any mode of payment. However, the party organizer can exchange the money through a transfer to their bank account or online merchants such as Amazon, Jabong, PVR, MakeMyTrip and many more.

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