Spoofin, a video-based social network that allows users to create and share parody videos, raises a bridge round funding from Mumbai Angels Network (MA Network), India’s leading early stage investment platform.
Spoofin had raised its first round of funding from the MA Network and several other individual investors in 2017.
The Delhi based startup was founded by Siddhant Sahni, Vallari Bhardwaj, Swati Sharma and Mritunjaya Sharma. On the fundraise, co- Founder Siddhant Sahni said “We plan to use freshly raised capital towards growth and fuelling expansion in customer acquisition and technology. We are also planning to launch new versions over the next three to four months. Happy to partner with Mumbai Angels again for the bridge round.”
5 Investors from the MA Network have invested in the company including Jatin Aneja, Mridul Upreti and Purple Patch Ventures.
“We are excited to partner with Spoofin as they build their business out as a leading video based social networking platform. We see tremendous potential in the team and the product they are building and are happy to invest in them in this bridge round” said Jatin Aneja, Lead Investor, MA Network.
“We are excited to invest in this bridge round for Spoofin. As a network, our key strength is to be able to partner with our portfolio companies as they build out their businesses and raise subsequent rounds of funding, through our curated investor network. The video content startup scene is buzzing and we are looking forward to investing in this sector. We see ourselves as the partner of choice for the next level investors, both VC Funds and the next level strategic players looking to invest in this innovative space” said MA Network CEO Nandini Mansinghka.
