SBB Ventures Pvt Ltd owned crowdsourced movie review site Clapsnslaps has raised an amount of $150,000 (1 crore) in its second round of angel investment from a Mumbai-based production house called R M Picture Company Pvt. Ltd.
Raised amount will be used to upgrade the technology infrastructure, to grow company’s operations and for hiring talent. The company provides crowdsourced movie reviews which are written by its users. Currently it provides only Bollywood film reviews.
Founded two years ago, the startup claims to have more than 10,000 registered users, over 70,000 monthly unique visitors and more than 130,000 monthly page views. It founder and CEO, Pravin Shah has plans of launching new offerings which will be industry first, as reported by TechCircle.
It is not clear as to what strategy is the startup following since there are already many established players in this field. Amazon-owned IMDB is a known player in this space which provides movie reviews.