Frrole, an India-based data analytics start-up that combs Twitter looking for patterns and trends that could be interesting and actionable for businesses, has just raised $245K in Angel funding from investors including former head of Yahoo! R&D centre in India Sharad Sharma, Eka Software founder Manav Garg and Google’s India MD Rajan Anandan.
Frrole got its start on LetsVenture, an Indian crowd-funding platform that allows Indian entrepreneurs to connect with angel investors around the world.
“We have built a decent system, but it is far away from competitive scale yet (we work with around half a billion tweets a month, Twitter has half a billion everyday). It works ok for us as we have started with focus on India market, but we are super-aggressive with our goals,” said Amarpreet Kalkat, co-founder of Frrole to TechCrunch “These are early days all said and done. As I said, we are just processing 2-3% of twitter data right now, whereas we plan to process the whole social web,” he added.
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Frrole is one of many Indian start-ups trying to come up to scale. They are also hoping to develop layers of semantic analysis and contextual analysis.
How crowd-funding will fair in India remains to be seen. Some experts have cautioned that the practice is somewhat out of step with Indian culture and tilts to “cool-stuff” that isn’t the backbone of the entrepreneurial marketplace nationally.
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