[Announcement] We raised our first round of capital. Wooohooo!

[Announcement] We raised our first round of capital. Wooohooo!

I am eternally glad and ecstatic to announce that we have raised our seed round of capital. This announcement is delayed by a couple of months as we got busy with our product. Getting funded is a dream come true for most startups and it is no different for us.

We raised our seed capital from a group of angel investors at the Indian Angel Network (IAN), led by Rajan Anandan – Vice President at Google India. We are glad to have the likes of Rajan, Sunil Kalra, Sadeesh Raghavan, Ashim Mehra, Nitin Singhal, Pradeep Gupta and Harish Mehta back us in chasing our dream run. We have added Rajan to the company’s board. We are super excited to have such stalwarts join forces with us and guide us towards building one of the most disruptive internet products of recent times called WebEngage.

So now that we have the money, what are we going to do with it? Well, several things including paying ourselves (salaries have been a luxury), scaling up our infra, hiring a few key folks and paying our office bills (on time). However, there are a few things that we’ll NOT use this money for –

  1. We’ll NOT hire just because we have the urge to do so or now we have the money to do so. You belong to us only if you prove you are worth it. We are pathetic when it comes to hiring – none of us can work with the wrong guy/gal. We’d rather prefer to slog and work overtime than hire and repent. Oh btw, we are hiring – in dev, design and sales. Contact us if you are interested.
  2. We’ll NOT move into a plush office. We work out of a 240 sq. ft. cave in Goregaon East, Mumbai. The office is well done and good to seat 8 of us (more on our office here and here).
  3. We’ll NOT spend money on mindless advertising and marketing. No we won’t. Trust me, we’ll not.

At the time of publishing this post, this news was already carried by Pluggdin, VCCircle, Medianama and Alootechie. We thank them whole-heartedly for covering us, we are humbled.

Hello world, we have arrived. It feels orgasmic as I am about to complete this post.
Stay tuned. We love you!

  • Created: 18 Oct 2011
  • Last Updated: 02 Jul 2021



Avlesh Singh Co-founder and CEO, WebEngage

Avlesh is the co-founder and CEO at WebEngage. He occasionally writes here and on his personal blog.

Liked our article? Give us your feedback by rating it.
Total Rating : 1 , Average Rating : 5