Social Networking Startup Affimity Bags $1.2M Angel Funding

Bengaluru and San Francisco based social networking startup, Affimity has raised $1.2 million in angel funding from Silicon Valley Angel Investors and FoundersThe company will use the raised funds to further expand their services in India and other countries and strengthen its team.

Affimity

The startup provides a platform for like-minded people to meet and engage with. With its channel-specific approach, the platform acts as an alternate social media platform for users to focus on their passions and specific interests, filtering out the background noise and only displays posts that are relevant to the users’ interest.

Speaking on this Parveen Mittal, Co-founder & Country Manager – India said, “We have seen a tremendous growth over the last few months and we consider this to be the right time to scale our operations in order to strengthen our position as the number one platform of choice for anyone looking to share his interests with others.”

The company was founded by Venkata Ramana, Amar J Singh and Parveen Mittal. Since its inception in 2014, the startup currently has over 35 channels on its platform. The startup claims that its Android and iOS apps have had hundreds of thousands of downloads. The company aims to reach a target of 10 million global user base by December 2016, with India contributing to about 40% of that user base.

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