Lucknow based hyperlocal content startup, Knocksense has secured $150K in bridge round funding led by We Founder Circle.
The round also saw participation from Appyhigh (Lead Investor), Mumbai Angels Network, and angel investors from LetsVenture.
Founded by Vibhore Mayank, and Varul Mayank, Knocksense strategizes to utilize funds in the tech development of the platform KnockOFF, and geographic expansion across the new cities.
The startup aims to produce captivating content including recommendations, videos, features, and more.
Speaking about the investment, Neeraj Tyagi, Co-founder & CEO of We Founder Circle said, “We are really happy to see the growth achieved by the Knocksense team. Hyperlocal content is rapidly gaining prominence, in addition to that a platform like KnockOFF, which enables value-creating and transactions has immense potential with social e-commerce. I am sure this fundraising is going to be a turning point in the growth of the company.”
Commenting on the funding in Knocksense, Venus Dhuria, Co-Founder of Appyhigh said, “Hyperlocal content is rapidly gaining importance with audiences as people are interested in knowing what’s happening in their backyard. On the other hand, their flagship product KnockOFF leverages their hyperlocal expertise into online commerce, by connecting local brands and businesses with consumers through exciting deals.”
Further Talking about the fundraise, Vibhore Mayank, Founder of Knocksense said, “With the launch of KnockOFF in August we have seen tremendous growth on all the grounds- the transactions via the platform, reach, GMV and subscriptions have grown by more than 100% MoM, this additional infusion from the existing investors will enable us to launch our full Product in new cities and expand at a fast pace.”