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March 04, 2013

Deal Alert: AlmaConnect raises $250,000 From CIIE-IIMA, IXORA Ventures & Others

Alma Connect, a portal that connects alumni, students & faculty, has raised $250,000 from CIIE – IIM Ahmedabad, IXORA Ventures, CountShop.com, Ixigo Co-founder Dharmendra Yashovardhan and other angel investors. This investment, made about six months ago, follows a $50,000 seed investment from DA-IICT center for entrepreneurship and incubation in January 2011. The company plans to use the funds raised for product development and plans to launch a ‘freemium’ plan, wherein alumni can start their own network and add limited number of users to the group. 

Founded in February 2011 by Swapnil Khandelwal and Rubish Gupta, AlmaConnect aims to offer a networking platform for educational institutes to engage their alumni network and help institute students to seek contacts, jobs and other resources from their alumni network. 

Source: Medianama
 
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