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Gurgaon StartupsMumbai AngelsPress ReleaseSpoofinvideo social network

Video-Based Social Network Spoofin Raises Funding Via Mumbai Angels Network

Gurgaon-based Spoofin, a video-based social network, has raised undisclosed amount of funding from Mumbai Angels Network, announced Mumbai Angels in a press release sent to IndianWeb2.

Founded by Siddhant Sahni, Mrityunjaya Sharma, Kapil Nawani, Vallari Bhardwaj and Swati Sharma, Spoofin, which is yet to be launched, will allows it’s users to create and share hilarious parody videos. The app allows users to interact and manipulate video content by way of an intuitive creator’s studio, equipped with video editing, voice-over and audio imposing capabilities. The launch of their MVP in the international markets is scheduled early 2018.

The website/app will allow the users to source a video via either the In-App A/V Library, Computer/Phone Gallery and/or Phone Camera and add their own audio over the existing video to make a parody voiceover.

Jatin Aneja, Deal Lead, Mumbai Angels Network & Partner at Shardul Amarchand Mangaldas "Spoofin” is a strong product that presents an exciting opportunity to create a new and original social media network/community where the user can create, consume and share comic video content in an entirely fresh perspective. As a Deal Lead of Spoofin, I see this as an interesting investment opportunity with exponential returns upon gaining scale in a thriving yet uncluttered market. I would be helping & mentoring the company to grow.

Siddhant Sahni, Co-Founder, Spoofin
“The Mumbai Angels Network has been an instrumental part of our seed round journey. The network is teaming with investors who actively mentor and participate in the progress of the startups, which was exactly what we were looking for. The introductions and networking opportunities afforded to us have been foundational to the successful close of our round"

Few days back, Mumbai Angels has announced its partnership with Calcutta Angels to work as a team for investing in startups in the country. The role of Calcutta Angels in the funding of Spoofin is unclear though.

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