Spare8 raises pre-seed round led by 2am VC, others
Spare8, a micro-investment app, has raised $770K in its pre-seed round led by 2am VC, along with Broom Ventures, Incisive Ventures, Varanium Capital and Magic Fund. Ajay Adiseshan, Anoop Mathur, Jaydeep Deshpande, Yagnesh Sanghrajka and Sachin also joined the round.
The funds will be used to strengthen the marketing, growth initiatives and to build a lean but qualitatively strong team to scale quickly.
Founded in 2021 by Ronit Harisingani and Shardul Saiya, Spare8 is a micro investment platform for users to create daily investment habit and be rewarded for the same.
Spare8’s majority customer base is from tier-II cities such as Jaipur, Indore, Patna and Lucknow.
Recently, Tiger Global-backed Jar unveiled a new employee stock option plan (ESOP) for its employees worth around $13 million.
Spare8 seems to be a fascinating startup with a motivating turn of events on the financial services platform. Best wishes for the new startup business venture. I know that the team worked incredibly hard on it. I wish them great success in the future!Shishir Gupta, Founder and CEO, StartupLanes
If you are an emerging startup and are looking for investors to raise funds, StartupLanes has its own angel network and investment banking services and is connected to angel investors and VCs in 15 countries that ensure that our member startups have easy access to external funds to scale up constantly.
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