Cosmofeed secures $1.5 million in funding led by growx ventures, Waveform Ventures, 9 Unicorns
Cosmofeed, a content monetization and consumption platform has announced raising $1.5 million in seed funding.
The round was co-led by growx ventures, Waveform Ventures, & 9 Unicorns with participation from Singapore-based investment holding company Silk Bridge Partners (SBP). Swati Mohan (CBO – Heads Up For Tails, former CMO - Netflix India), Rannvijay Singha (actor, influencer) and Subhadip Nandy (trader, financial educator) also participated in the round.
“The content creator community has grown exceptionally in the recent past, creating an opportunity for millions of new-age creators to earn passive income through micro-community creation. Cosmofeed has been designed with the aim of monetizing the efforts of such creators in a systematic, scalable, and hassle-free manner using technology," said Vivek Yadav, Founder & CEO, Cosmofeed.
The funding will allow Cosmofeed to extend its network to a wider audience of relevant end-users and ramp up its team and hire people for product and engineering.
Founded in September 2021 by Yadav and Vishnu Pathak, the Gurgaon-based Cosmofeed allows creators to build premium groups and manage or host online events through its app. Since its launch, Cosmofeed has grown to a user base of 50,000, with a 25% paid cohort.
Sheetal Bahl, Partner at growx ventures said, “The creator economy is one of the important facets of the digital revolution story, but the lack of tools for creators to manage and monetize their content poses a major bottleneck. Cosmofeed is pioneering one such revolution by building a platform to help creators fill this gap seamlessly. The team is chasing a grand vision with a very promising early traction. We are excited to back them in their rocketship growth journey.”
“There are 1.5 billion WhatsApp and Telegram groups globally with a $50 billion opportunity but creators are unable to monetise the content they create on free groups while struggling to manage private groups," said Apoorva Ranjan Sharma, Co-Founder at 9 unicorns. "CosmoFeed is solving this major problem and helping these creators and professionals by effectively helping them enable the monetisation channels in an optimal manner."
The round was co-led by growx ventures, Waveform Ventures, & 9 Unicorns with participation from Singapore-based investment holding company Silk Bridge Partners (SBP). Swati Mohan (CBO – Heads Up For Tails, former CMO - Netflix India), Rannvijay Singha (actor, influencer) and Subhadip Nandy (trader, financial educator) also participated in the round.
“The content creator community has grown exceptionally in the recent past, creating an opportunity for millions of new-age creators to earn passive income through micro-community creation. Cosmofeed has been designed with the aim of monetizing the efforts of such creators in a systematic, scalable, and hassle-free manner using technology," said Vivek Yadav, Founder & CEO, Cosmofeed.
The funding will allow Cosmofeed to extend its network to a wider audience of relevant end-users and ramp up its team and hire people for product and engineering.
Founded in September 2021 by Yadav and Vishnu Pathak, the Gurgaon-based Cosmofeed allows creators to build premium groups and manage or host online events through its app. Since its launch, Cosmofeed has grown to a user base of 50,000, with a 25% paid cohort.
Sheetal Bahl, Partner at growx ventures said, “The creator economy is one of the important facets of the digital revolution story, but the lack of tools for creators to manage and monetize their content poses a major bottleneck. Cosmofeed is pioneering one such revolution by building a platform to help creators fill this gap seamlessly. The team is chasing a grand vision with a very promising early traction. We are excited to back them in their rocketship growth journey.”
“There are 1.5 billion WhatsApp and Telegram groups globally with a $50 billion opportunity but creators are unable to monetise the content they create on free groups while struggling to manage private groups," said Apoorva Ranjan Sharma, Co-Founder at 9 unicorns. "CosmoFeed is solving this major problem and helping these creators and professionals by effectively helping them enable the monetisation channels in an optimal manner."
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