Hotline: 1800 102 2007
X
Search Business Opportunities
Jun, 10 2019

Vowelor Raises Rs 10 million in pre-series funding round

Vowelor secured this funding within the fourth month of their App launch, marking as an achievement in the startup Industry.

Vowelor Books and Media, a startup that provides an interactive platform to connect with book lovers in real time, raises funding of Rs 10 million in pre-series led by angel investor Dr. Sanjeev Juneja, an eminent Indian FMCG player and the man behind brands like Roop mantra, Dr. ortho & Petsaffa. Vowelor secured this funding within the fourth month of their App launch, marking as an achievement in the startup Industry.

VOWELOR App was launched in November 2018 by Co-Founders, Manik Ghawri, Lalit Sharma and Himanshu Gandhi, with the unique concept of ‘Why Read Alone’. It is an inclusive platform for readers and writers which not only lets them connect with like-minded book lovers but also solves their dilemma of finding the next read. The platform allows users to discuss the books on a real-time basis thus, helping them to pick the read in an informed manner.

Manik Ghawri and Lalit Sharma, Co-Founders of Vowelor, said, “Started as a Facebook group, today, Vowelor is a growing community of 90000+ readers & authors and claims to have achieved these figures organically. Community members interact regularly with Vowelor on various platforms including Facebook Group, Twitter, Instagram and the website itself."

“While working with authors for their book promotion on Vowelor website, we analyzed that their primary pain points were limited budget and reaching real readers who actually engage with the author. To solve this, we researched and planned to develop an easy-to-use automated tool in form of an app where authors can promote their books at an affordable budget and reach maximum readers in India as well as other countries. This funding will help us to develop, implement and market this app to target 150k+ downloads on our app and 200k monthly website hits,” they added.

Comment
image
Related opportunities
  • Stationery Stores
    About Us:    Tinc is a UK, family-founded company that designs,..
    Locations looking for expansion Haryana
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size
    Space required 200
    Franchise Outlets -NA-
    Franchise Type MultiUnit
    Headquater gurgaon Haryana
  • About Us: Toniq Brands focuses on affordable fashion across accessories, jewellery..
    Locations looking for expansion Maharashtra
    Establishment year 2010
    Franchising Launch Date 2019
    Investment size Rs. 10lac - 20lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Car wash / Ceramic Coating / Detailing
    About Us: CarzSpa, being the OLDEST, MOST EXPERIENCED, MOST TRUSTED and..
    Locations looking for expansion Gujarat
    Establishment year 2006
    Franchising Launch Date 2007
    Investment size Rs. 10lac - 20lac
    Space required 1500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Surat Gujarat
  • Others Food Service
    About Us: XOTIK FRUJUS PRIVATE LIMITED was incorporated on 08th May 2007 under the..
    Locations looking for expansion Maharashtra
    Establishment year 2007
    Franchising Launch Date 2018
    Investment size
    Space required 600
    Franchise Outlets -NA-
    Franchise Type -NA-
    Headquater Malad east Maharashtra
Insta-Subscribe to
Entrepreneur
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities