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Venture Capital | 11 February 2016

Social Networking Startup Affimity Secures Funding

by Ahemad Shaikh
Social Networking Startup Affimity Secures Funding
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@ahemad

Bengaluru and San Francisco based social networking startup, Affimity has raised about R8 Cr ($1.2 Mn) in angel funding from Silicon Valley based investors and its founders.

The funding will be utilize towards expanding its services in India and overseas, apart from strengthening its team.

Founded in 2014 by Venkata Ramana, Amar J Singh and Parveen Mittal, Affimity provides a platform for like-minded people to meet and engage with. It is a social media platform for users to focus on their passions and interests.

Affimity, which is available on Android and iOS have had hundreds of thousands of downloads and has 35+ channels on its platform.

The company aims aims to reach a target of 10Mn global user base by December 2016, with India contributing to about 40%of that user base.

Recently in Jan 2016, Bengaluru based Tinystep, a parenting focused social network app, had raised an undisclosed amount in seed funding from Flipkart.

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