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Venture Capital | 22 June 2015

Online Marketplace For Artists Cupick Secures Funding

by Ahemad Shaikh
Online Marketplace For Artists Cupick Secures Funding
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Bengaluru based Cupick.com, a social network for artists has raise R76 Lac ($120 K) in seed round of funding from a group of US and Indian angel investors via TermSheet.io, a deal discovery platform.

The angel list from the US and India participated in this round includes JKN Partners (an angel syndicate), JK Patel, Sushil Agarwal, Kalpesh Shethia, Rajeev Mudumba, Dinesh Tadepalli and Sudheshna Vuppala from the US.

The proceeds will be utilize to expand its team, develop new products and expand into newer categories.

Cofounded in 2014 by Shaishav Todi, Justin Alva and Rituraj Dowerah, Cupic (operated by Garage Labs Technologies Pvt Ltd) is a social network for artists that allows them to merchandize their artwork by putting it on various items for sale such as t-shirts, prints and more.

On the platform, artists can upload their artwork in high resolution, choose products to sell on and set their own prices. They can also retain their copyright by using metadata, watermark and download protection tools and use the analytics tool to track and grow their audience.

Since its launch in Oct, the company have works of over 2500 artists listed on its portal with over 7500 artworks on sale.

Previously, Termsheet has assisted Aisle.co, a matchmaking website, and Ather, which was backed by Flipkart founders in the fund raise.

Recently, Delhi based PosterGully, which is owned and operated by Merchbay Products Pvt Ltd, has raised $160K in an angel round of funding led by a group of investors through LetsVenture, which connects startups seeking seed/angel money to potential investors.

Other startups operating in similar space includes Anasha Art, PaintCollar, Redbubble, Society6, Fizdi, and Flatpebble.com among others.

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