Mumbai based crowdfunding platform for social, personal and creative projects – Ketto announced yesterday that it has raised over $700k in funding led by Pradyumna Dalmia, deal champion of Calcutta Angels and Sudhir Rao, deal champion of The Chennai Angels and co-founder of IndusAge Partners.
With this, investors including Singapore Angel Network, Anupam Mittal, India Internet Fund, Letsventure, Chennai Angels, Calcutta Angels, Intellecap Impact Investment Network (I3N), Ah Ventures, and Project Guerrilla also participated in this round of funding.
Launched back in 2012 by Varun Sheth, Bollywood actor Kunal Kapoor and Zaheer Adenwala, Ketto is said to be the Asia’s largest crowdfunding platform for social, personal and creative projects, according to crowdsurfer.com.
With more than 500 campaigns being funded through the platform and with a on-going success rate of 70%, team at Ketto aim to reach $100m in volumes by crowdfunding.
Currently working with the team of 10, with the infused funds, Ketto will be working aggressively to increase its technology and business development team with further plans to expand operations in Singapore, Indonesia, Malaysia, among other South-East Asian countries.
We caught up with Varun Sheth to understand more about Ketto, how campaigns are selected + launched and how they help campaigners reach out the goals.