International

Frrole Starts With Crowd-Funding, Ends Up With $245K In Angel Investment

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.

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.

 

“What’s Hot” is aggregated content. PYMNTS.com claims no responsibility for the accuracy of the content published by the original source.

 

——————————

LIVE PYMNTS TV OCTOBER SERIES: POWERING THE DIGITAL SHIFT – B2B PAYMENTS 2021 

Banks, corporates and even regulators now recognize the imperative to modernize — not just digitize —the infrastructures and workflows that move money and data between businesses domestically and cross-border.

Together with Visa, PYMNTS invites you to a month-long series of livestreamed programs on these issues as they reshape B2B payments. Masters of modernization share insights and answer questions during a mix of intimate fireside chats and vibrant virtual roundtables.

Click to comment

TRENDING RIGHT NOW