Bangalore-based Indian matchmaking startup Aisle.co has raised Rs. 1.25 crore in its pre-series A round from TermSheet.io and ah! Ventures.
The funding round was also participated by Anand Chandrasekaran, Chief Product Officer of Snapdeal (who has previously invested in Pluss/Gigstart, Audeze, InnerChef, Instalively) and Mekin Maheshwari, who was earlier Chief People Officer with Flipkart. Akshay Syal, Richard Kim, Jana Pokkalla and Manish Gautam. The round was led by Anand Vijay, a Bay Area-based angel investor on TermSheet.io and jointly advised and syndicated with ah! Ventures.
The startup plans to utilize the funding for building a strong team and effective partnerships.
Founded in 2014 by Able Joseph, Aisle.co is a platform with around 500-800 registrations per day, 50+ countries activated, over 25% of the registered base ‘connected’, and has successfully led to crafting hundreds of relationships.
Able Joseph said,
“This is the second time TermSheet.io has helped us fundraise, their streamlined closing process ensured that we lost no time with the closing formalities and this in turn made it easy for us to focus on building our business in the meanwhile.”
Last year, Aisle.co has raised $100,000 in its first round of funding. The company is currently led by its Founder and CEO, Able Joseph, Bivin Benny – Director, User Relations (ex-Ogilvy, ex-Flipkart.com) and Razee Marikar – CTO (ex-Amazon, ex-Akamai).