Springr, a Kerala based start-up platform for Art, today received an angel funding of Rs 3.5 lakh from TiE (The Indus Entrepreneurs) Kerala in the form of an interest-free loan. This is said to be the first startup project to officially receive TiE funding. The one year-old startup is planning a community based Art project. Springr is also raising funds for the Malayalam movie 'Oraalpokkam' through the crowdfunding route.
Springr converted about 10,000 square feet space in a 100-year-old spice warehouse at Mattancherry for setting up a Music Recording Studio, Artists Residency and Events venue.
Source: Financial Chronicle
Venture Intelligence is the leading provider of data and analysis on Private Company Financials, Transactions (private equity, venture capital and M&A) & their Valuations in India. Click Here to view our products list including the Free Deal Digest Weekly: India's First & Most Exhaustive Transactions Newsletter.