Indian Angel Network, one of the largest horizontal seed stage investing platforms, has recently
Hyderabad based TechClove Technologies Private Limited, which owns and operates Flatpebble, an online marketplace for pre-packed services from photographers, videographers and stylists, has recently concluded the second round of investment from its existing investor Indian Angel Network.
Earlier in 2015, Flatpebble had raised $600,000 in seed funding from Indian Angel Network and n on-equit based assistance from Microsoft Accelerator Bangalore (Now Microsoft ventures). With the latest fund infusion, the startup’s total amount of funding is now nearly $1 million.
Founded in 2014, by former Microsoft employees Pranav Mehta and Venkatesan Seshadri, Flatpebble calls itself as world’s first on-demand Cataloguing As A Service (CAAS) platform that works with both owned inventory and brands and marketplace vendors to help them boost sales through photos, videos, and 360-degree shoot. Its proprietary Artificial Intelligence (AI) -driven Catalogue Life-cycle Management system helps streamline the entire cataloging process with accelerated delivery, consistent quality and predictable timelines at scale.
Flatpebble also acts as an escrow protecting both parties with advance payments till the start of the event.
“Flatpebble works with leading food tech brands like Swiggy, Zomato, Uber Eats, Foodpanda, etc. It has also worked with Blackberrys, R.S. Brothers, Zalsa, Nestaway, OYO, Treebo and more brands from the fashion and hospitality space. Flatpebble has a network of 6000+ verified professionals across 100+ cities. Besides being funded by the Indian Angel Network, it is also a Microsoft Ventures and MAGIC Malaysia accelerated company,” it said in a release.
Venkatesan Sheshadri, Founder of Flatpebble said, “Flatpebble is growing Revenues at over 300% YoY, profitably. With close to 100K+ images being delivered monthly to businesses, Flatpebble ensures that large and small businesses can scale their online presence extremely fast with standardised high-quality images, videos, 360-degree videos or virtual tours.”
The commercial photography market in India is approximately $2 billion in India, although it is still largely unorganised at present. Flatpebble aims to leverage its product and tech-driven solutions to solve the key problems in the domain and scale it effectively within India and to international markets. French company Meero has raised over $50 million in the same space.
Source – Zeebiz.com
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