Total amount raised
₹213.6 Millions
Latest funding date
Location
Grapevine has successfully raised funding through a seed round, with notable investors including Riverwalk Holdings and Peak XV Partners. The platform is designed for professionals in India to share information anonymously, focusing on salary and career discussions.
Keep reading to explore the intricacies of Grapevine's fundraising journey and the investors backing this innovative platform.
What Is Grapevine?
Grapevine, founded on August 1, 2022, is based in Bangalore City, Karnataka, India. The platform allows professionals to anonymously share information about companies, salaries, and more, fostering honest conversations and job opportunities.
Founded by Jainam Talsania, Saumil Tripathi, and Shreeyash Dharmadhikari, Grapevine aims to create industry-specific communities where users can discuss career-related questions and access various tools. The company currently employs between 11 and 50 people.
Grapevine's mission is to provide a secure and private space for professionals to engage in meaningful discussions, ensuring privacy and data encryption. The platform also offers features like an in-hand salary calculator and AI interviews to enhance user experience.
How Much Funding Has Grapevine Raised?
- Funding Round: Seed Round
- Amount Raised: $2.6 million
- Date: October 2023
- Lead Investors: Peak XV Partners, Riverwalk Holdings
- Valuation at Round: $11.62 million
- Motivation Behind the Round: To further develop the platform, expand its user base, and enhance its features to compete with other anonymous social media platforms.
Total Amount Raised: $2.6 million. Current Valuation: $11.62 million.
Key Investors
The major investors in Grapevine are as follows:
- Peak XV Partners
- Details: Formerly known as Sequoia India, Peak XV Partners is a prominent venture capital firm. They led the seed funding round for Grapevine, acquiring a 21.55% stake.
- Investment Focus Areas: Technology, internet companies, high-growth startups.
- Notable Investments: Not publicly disclosed.
- Riverwalk Holdings
- Details: Riverwalk Holdings is a venture capital firm that participated in Grapevine's seed funding round. They focus on industries like SaaS, fintech, and consumer sectors.
- Investment Focus Areas: SaaS, fintech, consumer sectors.
- Notable Investments: Not publicly disclosed.
Note: The information requested about additional investors and their notable investments was not found in the provided sources.
What's Next for Grapevine?
Grapevine stands at the cusp of significant growth, with opportunities to expand its user base beyond the current 30,000 members. Leveraging the recent investment from Peak XV Partners and Riverwalk Holdings, the platform aims to enhance its features and user experience, potentially exploring new markets and industries.
Future fundraising opportunities appear promising, with potential for Series A and subsequent rounds as the platform demonstrates increased user engagement and revenue. This could attract more investors from the tech and social media sectors, further fueling Grapevine's expansion.
However, challenges lie ahead, including competition from established platforms like Hood, FishBowl, Blind, and Reddit. Ensuring data privacy and security will be crucial to maintaining user trust as Grapevine scales its operations.
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