Bangalore-based OnlineRTI, an online service to file Right to Information (RTI) applications, has raised about $150K (INR 1 Cr.) in an angel round of funding from LetsVenture, Mohandas Pai, and existing investors.
Nipun Goyal (president IIFL), Bhupen Shah (co-founder of Sling Media) and early stage investment firm Oilphans Capital also participated in this round.
Founded in 2014 by two engineering graduates, Pradeep Bhatt and Vinod Ranganathan, OnlineRTI, is a website where people can file RTI applications without any of the hassles.
How It Works:
The company has about 120,000 applications on its portal, of which approximately 40,000 applications have been processed to the government.
The raised capital will be utilised for product development and marketing.”The mass adoption of the internet economy is having a transformative impact within India and OnlineRTI is leveraging that to simplify a process of obtaining and applying for RTI. They are raising funds on LetsVenture for the second time,” said, Shanti Mohan, chief executive of LetsVenture.
In 2014, the startup had raised over $7 K (INR 50 Lakhs) from a group of investors via LetsVenture platform. There are a few similar portals like RTI Nation and YourAdhikar who are also dealing in the same space.
Welcome to Flash Feed, your essential source for breaking news and innovation from around the web – bite-sized and updated all day.
