Bangalore, January 25, 2017 – WishBerry, India’s largest crowdfunding platform for film, music, theatre and art, raise an undisclosed Angel Round from Sharad Sharma(iSpirit) along with Rajan Anandan (Google), Amit Ranjan(SlideShare), Alok Mittal (IAN), Venkat S Raju(Kyron Global) and others on LetsVenture.
“The Wishberry founders, Priyanka (Wharton grad & serial entrepreneur) and Anshulika (INK fellow & Forbes 30 under 30 winners) have truly understood the consumer needs for creative crowdfunding in India. Now they are looking to innovate crowdfunding for the long tail of artists in India by helping them monetize their content outside of Youtube through a recurring-funding model, inspired by Patreon. Recurring fan-funding in small denominations could be a game changer in the Indian crowdfunding landscape and make Wishberry a leader in producing independent-content.” said Sharad Sharma, co-founder and Governing Council member of iSPIRT and lead investor in the round.
“The Wishberry Pre-Series A raise closed in record time on Sharad Sharma’s Lead Syndicate on LetsVenture. Our Lead Syndicates are enabling marquee angels and VC Funds to share their private deals with vetted investors on the platform. We are excited to support the growth phase of our portfolio companies like Wishberry who have scaled to become category leaders.” said Shanti Mohan, founder of LetsVenture
WishBerry has raised over Rs. 10 crores ($1.5M) from 350+ crowdfunded projects spanning film, music, theatre, dance, and more. The platform has an active community of 15,000+ backers from 850+ cities across 55 countries,. Over 10% of the active backers have repeatedly funded projects on Wishberry. Several films crowdfunded on Wishberry have gone on to win National Awards and recognition in International Film Festivals.
Wishberry is a new way of raising funds for creative projects through rewards-based crowdfunding. Our mission is to discover & empower creative ideas originating out of India and to put India on the creative map of world.
Founded in 2013, LetsVenture enables startups and investors to discover and connect with each other. There are 12000+ startups and 2200+ investors on the platform. LetsVenture works with startups and investors on discovery, syndication and closure. This involves managing due diligence and paperwork closure. LetsVenture has enabled more than 100 startups to raise over $40mn.