Tring raises Pre-Series A Round from Kalaari Capital and oth

Tring raises Pre-Series A Round from Kalaari Capital and others

Mumbai (Maharashtra) [India], October 19 (ANI/NewsVoir): Tring, India's largest celebrity engagement platform, has grown 30x in revenues with over 100x growth in user traffic since its last capital raise. Launched in 2020, Tring has quickly become the category leader in the space of digital interactions, with over 12,000 celebrities connecting with their fans through personalised celebrity video messages (shoutouts), direct message on social media, video calls, merchandise, brand video endorsements and more. Continuing the growth momentum, Tring is closing its Pre-Series A round of USD 5 Mn led by Kalaari Capital, which invested USD 2 Mn and has the option to invest further 2.5 Mn in a new tranche at a later date. The round also saw participation from Blume Founders fund, REDBROOK PTE. (Singapore) and Sujeet Kumar (Udaan.com). Co-founded by Akshay Saini, Rahul Saini and Pranav Chabhadia, the company claims to have over a million people visiting the website to interact with celebrities, and is on the path to 1,00,000+ paid transactions monthly. Tring will use the new funds for improving the product and to introduce other forms of celebrity-fan engagement, with a sharp focus on further monetizing its customer base of over 2,00,000 customers. The users (fans) book shoutouts and video calls from celebrities for themselves or as surprise gifts to family and friends for birthdays, anniversaries, motivation, festive greetings, wedding invites and many other messages. These videos are recorded personally by the celebrities and they usually deliver the same custom message as requested by the user, while sometimes adding their own unique elements to make it even more special. Tring for Business is the company's fast growing service for brands and businesses, to book celebrities for product promotion, brand endorsement, personalised messaging, and more. With over 1,200 businesses as customers, this easy-to-use service offers a wide variety of celebrities across genres, categories, budgets, regions, etc. with lightning-quick turnaround times, transparent process, and unbelievably economical prices. Tring's subscription service Tring Prime offers great value through discounts and other benefits to its users. Subscribers get early-access to new celebrities and exclusive merchandise on the platform. The company claims to have sold over 20,000 subscriptions and plans to reach 1,00,000+ active subscriptions by next year. Vamshi Reddy, Partner at Kalaari says, "We are thrilled to back Akshay, Rahul and Pranav in their journey to disrupt the celebrity fan engagement space in India. The team has shown strong executional capabilities and bring deep understanding of the market opportunity. We are confident in their ability to build a leading fan engagement platform from India and we are proud to welcome them to the Kalaari family." CEO Akshay Saini says, "India is a huge market for celebrity engagement services with users demonstrating high fandom levels. We are working to make Tring the one-stop marketplace for all digital personalised interactions with celebrities in India and soon Asia. We are delighted to have robust institutions like Kalaari Capital joining us on this journey. Kalaari Capital's strong belief in the creator economy makes them the ideal partners while we continue growing rapidly across Asia over the next few quarters." Tring competes with international platforms like Cameo (USA) and Memmo (Europe) that have witnessed rapid growth and have attracted massive user interest. Tring is India's largest tech-enabled celebrity engagement platform with over 12,000 celebrities. It helps fans have digital interactions with their favourite celebrities through personalised celebrity video messages (shoutouts), direct messages on social media, video calls, merchandise, brand video endorsements and more. Kalaari Capital is an early-stage, technology-focused venture capital firm. It invests across Seed and Series A startups and empower visionary entrepreneurs to build unique solutions that reshape the way Indians live, work, consume and transact. This story has been provided by NewsVoir. ANI will not be responsible in any way for the content in this article. (ANI/NewsVoir)

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United States , Mumbai , Maharashtra , India , Singapore , Akshay Saini , Rahul Saini , Pranav Chabhadia , Sujeet Kumar Udaan , Memmo Europe , Vamshi Reddy , , Kalaari Capital , Blume Founders , Sujeet Kumar , Tring Prime , Mumbai Maharashtra India , Ctober 19 Ani Newsvoir Tring , Ndia 39s Largest Celebrity Engagement Platform , As Grown 30x In Revenues With Over 100x Growth User Traffic Since Its Last Capital Raise Launched 2020 , Ring Has Quickly Become The Category Leader In Space Of Digital Interactions , Ith Over 12 , 000 Celebrities Connecting With Their Fans Through Personalised Celebrity Video Messages Shoutouts , Irect Message On Social Media , Video Calls , Merchandise , Rand Video Endorsements And More Continuing The Growth Momentum , Ring Is Closing Its Pre Seriesa Round Of Usd 5 Mn Led By Kalaari Capital , Hich Invested Usd 2 Mn And Has The Option To Invest Further 5 Ina New Tranche Ata Later Date Round Also Saw Participation From Blume Founders Fund , Edbrook Pte Singapore And Sujeet Kumar Udaan Com Co Founded By Akshay Saini , Ahul Saini And Pranav Chabhadia , He Company Claims To Have Overa Million People Visiting The Website Interact With Celebrities , Nd Is On The Path To 1 , 00 , 000 Paid Transactions Monthly Tring Will Use The New Funds For Improving Product And To Introduce Other Forms Of Celebrity Fan Engagement , Itha Sharp Focus On Further Monetizing Its Customer Base Of Over 2 , 000 Customers The Users Fans Book Shoutouts And Video Calls From Celebrities For Themselves Or As Surprise Gifts To Family Friends Birthdays , Anniversaries , Motivation , Festive Greetings , Edding Invites And Many Other Messages These Videos Are Recorded Personally By The Celebrities They Usually Deliver Same Custom Message As Requested User , Hile Sometimes Adding Their Own Unique Elements To Make It Even More Special Tring For Business Is The Company 39s Fast Growing Service Brands And Businesses , O Book Celebrities For Product Promotion , Brand Endorsement , Ersonalised Messaging , Nd More With Over 1 , 200 Businesses As Customers , His Easy To Use Service Offersa Wide Variety Of Celebrities Across Genres , Categories , Budgets , Regions , Tc With Lightning Quick Turnaround Times , Transparent Process , Nd Unbelievably Economical Prices Tring 39s Subscription Service Prime Offers Great Value Through Discounts And Other Benefits To Its Users Subscribers Get Early Access New Celebrities Exclusive Merchandise On The Platform Company Claims Have Sold Over 20 , 000 Subscriptions And Plans To Reach 1 , 000 Active Subscriptions By Next Year Vamshi Reddy , Artner At Kalaari Says , Uot We Are Thrilled To Back Akshay , Ahul And Pranav In Their Journey To Disrupt The Celebrity Fan Engagement Space India Team Has Shown Strong Executional Capabilities Bring Deep Understanding Of Market Opportunity We Are Confident Ability Builda Leading Platform From Proud Welcome Them Kalaari Family Quot Ceo Akshay Saini Says , Uot India Isa Huge Market For Celebrity Engagement Services With Users Demonstrating High Fandom Levels We Are Working To Make Tring The One Stop Marketplace All Digital Personalised Interactions Celebrities In And Soon Asia Delighted Have Robust Institutions Like Kalaari Capital Joining Us On This Journey 39s Strong Belief Creator Economy Makes Them Ideal Partners While Continue Growing Rapidly Across Over Next Few Quarters Quot Competes International Platforms Cameo Usa Memmo Europe That Witnessed Rapid Growth Attracted Massive User Interest Is Largest Tech Enabled Platform 12 , 000 Celebrities It Helps Fans Have Digital Interactions With Their Favourite Through Personalised Celebrity Video Messages Shoutouts , Irect Messages On Social Media , Rand Video Endorsements And More Kalaari Capital Is An Early Stage , Echnology Focused Venture Capital Firm It Invests Across Seed And Seriesa Startups Empower Visionary Entrepreneurs To Build Unique Solutions That Reshape The Way Indians Live , Work , Onsume And Transact This Story Has Been Provided By Newsvoir Ani Will Not Be Responsible In Any Way For The Content Article ,

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