Aisle.co, Indian matchmaking startup based out of Bangalore, has raised Rs. 1.25 crore in its pre-series A round from TermSheet.io and ah! Ventures. Anand Chandrasekaran, Chief Product Officer of Snapdeal (who has previously invested in Pluss/Gigstart, Audeze, InnerChef, Instalively) and Mekin Maheshwari, who was earlier Chief People Officer with Flipkart, participated alongside Akshay Syal, Richard Kim, Jana Pokkalla and Manish Gautam. The round was led by Anand Vijay, a Bay Area-based angel investor on TermSheet.io and jointly advised and syndicated with ah! Ventures.
In February 2015, the company raised $100,000 in its first round of funding.
Founded in 2014 by Able Joseph, Aisle.co is a platform with around 500-800 registrations per day, 50+ countries activated, over 25% of the registered base ‘connected’, and has successfully led to crafting hundreds of relationships.
The company plans to primarily utilize the funds raised in this round for building a strong team and effective partnerships.
The company is currently led by its Founder and CEO, Able Joseph, Bivin Benny – Director, User Relations (ex-Ogilvy, ex-Flipkart.com) and Razee Marikar – CTO (ex-Amazon, ex-Akamai).
On working with TermSheet.io and ah! Ventures, Able Joseph said, “This is the second timeTermSheet.io has helped us fundraise, their streamlined closing process ensured that we lost no time with the closing formalities and this in turn made it easy for us to focus on building our business in the meanwhile. We were fortunate to have worked with ah! Ventures for this round who were on point with their tagline – ‘bridging ideas and money’ and in our case the gap was realized in exactly eight days. ah! promptly and efficiently helped us close all investor interactions and the due-diligence proactively and on-time.”
Notably, this deal was the first co-syndicated deal between TermSheet.io and ah! Ventures. It was the first one where a fundraising platform used TermSheet.io’s accelerated closing process. This was also TermSheet.io’s first follow on round.