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OnlineRTI Raises $150K From LetsVenture, Mohandas Pai & Others

OnlineRTI Raises $150K From LetsVenture, Mohandas Pai & Others

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:

online-rtiThe 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.


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Author

Vishal Singh

Inc42 Staff

For Vishal Singh, football is oxygen, traveling is living, night is day, online gaming is serious sport and superheroes are real. Yes, real. And like the call sign of any superhero, one can always find him enrapt to his laptop screen. His passion lies in writing pieces that would get the brain engines of readers churning and aspires to one day be known by his opus.

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