Indore-based smart networking startup TapOnn has raised Rs 1.5 crore in seed round funding led by Wita Inc, a New York-based investment firm.
The proceeds will be utilised to invest in cutting-edge technology, aggressive marketing, and R&D for future product launches, TapOnn said in a press release. Previously, it had raised $150,000 in angel funding.
Founded in 2022 by Dhruv Jolly, TapOnn is a networking platform in India that serves as a one-stop solution that enables users to share their personal and professional information with a single tap. TapOnn app connects the networking and socialising sector through its smart and intelligent business cards, which are rapidly replacing paper visiting cards.
TapOnn is also exploring the B2B market. The company aims to establish an ecosystem where companies can manage all employee smart cards through a single dashboard, granting access to all connections and data. TapOnn will also integrate its API within the firm’s CRM and automation software, making it easier for employees to schedule events/meetings, update contact details, and automate their marketing.
According to TapOnn, it designs smart cards, smart coins, and smart sockets based on a smart chip mechanism that facilitates the transmission of user data to a phone with NFC capabilities.
TapOnn claims that it has already sold more than 500 TapOnn cards since its launch in November 2022. Some of the future features on the cards are personalised URLs for sharing, more customisable profiles and cards, a map to spot nearby friends, and the ability to add more information to the user profiles, among others.