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June 08, 2014

Deal Alert: SAIF Partners, angels invest Rs.4-Cr in online creative marketplace TouchTalent

TouchTalent, an online marketplace for creative talent, has raised INR 4 crore in a seed round led by SAIF Partners. About 15 angel investors - including Deep Kalra of MakeMyTrip and Sachin and Binny Bansal of Flipkart - also particpated in the syndicated round on online fundraising platform LetsVenture. 

Founded in 2012 by ex-IIT Delhi students Prasad and Mohammad Wasim, TouchTalent is a web-based community that connects creative professionals such as artists, musicians, photographers and designers, and helps them to share, display and monetise their creations. The company is targeting an user base 2 million by the end of the year from the curent 300,000. The pre-revenue startup, which currently plans to make money through a premium subscription model, will consider going for its Series A round of funding by the end of the current fiscal.

Source: Economic Times

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