Networking platform Noddapp gets Rs 1 Cr investment

Mumbai-based app networking platform Noddapp.com has secured Rs 1 Cr from 11 entrepreneurs. The raised funds will be used to scale up operations and expansion across major metros like New Delhi, Bangalore, Mumbai, Hyderabad, and Chennai. Part of the investment will also be directed towards building a strong team and technology.

Noddapp.com is an app based networking platform that helps individuals to discover and meet like-minded people through innovative curated experiences, using data analytics, experiences, and algorithms.

Founded in March 2016 by Shubham Rai, Praleed Suvarna, Rohan Haval, and Arpit Bajpai, Nodd app follows a reference based model to onboard new members to their platform. The app helps individuals to network with achievers across different walks of life who have excelled in the academic and professional environment.

Commenting on the investment, Shubham Rai, Founder, and CEO, Nodd said, “The segment that Nodd caters to is an untapped space hence we don’t have any direct competition and that was one of the reasons why we have drawn 11 investors to participate in an angel round of funding. The funds will be used to increase our team size and invest in technology as well as expanding our geographical presence.”