Bengaluru-based photo-sharing app Vebbler has raised a Pre-Series A round of funding through a consortium of angel investors.
The consortium includes Ambiga Subramanian ex-CEO Mu Sigma, Actor Dino Morea, DJ Nikhil Chinapa, Anurakt Jain, VP, OEM operations at InMobi, Sanjay Ramakrishnan, Senior Director - Product at Flipkart and Pranay Jivrajka, Founding Member at OlaCabs.
Vebbler’s existing investor Anupam Mittal, Sharad Sharma, Mohandas Pai and Venkat Raju have also reinvested into this round. The funds were raised on LetsVenture Platform.
Vebbler claims to be the first and only photo-collaboration app that has been developed in India, founded by 28-year old Sahil Bhagat. The app provides a way for people to create shared albums with their friends and sync photos with one another instantly at parties, holidays, weddings and other occasions in real-time.
The app was launched in 2013 in beta as a social network and was later tweaked to a camera first photo sharing and collaboration app.
Initially Vebbler raised Rs 3.34 core from a syndicate of 16 investors from different countries around the world, including India, Singapore, Hong Kong and the US in 2017. It was also selected for the FB Start-up program in 2017.
"I am very excited about Vebbler and the team behind it. Vebbler's value proposition is interesting and is well positioned to service the needs of today's youngsters who collectively capture hundreds of photos and videos at parties, holidays, weddings and other events, but find it cumbersome to share them with each other. Vebbler provides a brilliant camera experience for millennials and is focusing on strong content through topic-based channels and stories,” Ambiga Subramanian said.
The founder of the app, Sahil said, “Vebbler is the only app that is focused on group-based sharing as compared to individual sharing like other photo apps. With the new fund-raise our aim is to bring the app into more languages, introduce new features for the camera and groups and scale our userbase.”
He further added that they are currently working on the 2.0 version of the app promising new features which will allow users to create shared photo albums, post daily stories, view original content on their channels and capture stunning photos and videos through their camera that is packed with stickers, GIFs, drawing tools and fonts. “We are launching a new and upgraded version in July itself with enhanced features and an improved user experience,” he added.