VoxWeb, a mobile-first special-purpose social network around “speaking-pics”, has raised US$ 1 million in its third round of funding from individual investors. With this VoxWeb promoters and employees will continue to hold 80% ownership rights and 100% voting rights.
The funding will be deployed to strengthen backend technologies and to add innovative and engaging front-end features to cater to the new generation of social media users termed as “Facebook-Nevers”. The company will also invest in scaling marketing efforts to increase its user base. In addition, the company may also spend in brand-building by running grass-root campaigns in colleges.
Commenting on the latest round of funding, Yash Mishra, Founder, VoxWeb, said, “With VoxWeb, we envision to create the first ever global consumer internet product from India and the app has already got users from 97 countries. With our unique voice-augmented photos technology, the company is focussed on designing and developing refreshingly new products adding a new dimension to social media consumption around the world. We believe our new round of funding will further hasten scaling-up up operations.”
Brain child of Yash Mishra, IIT Kanpur graduate and JP Morgan research analyst, VoxWeb is available on iOS and Android platform. The app allows creation of speaking pictures by enabling users to add voice note of up to 11 seconds to an image.
VoxWeb is in the process of on-boarding more artists and politicians over the next few months as celebrities have shown huge interest in using ‘speaking-pics’ to effectively connect and engage with young internet users. Ministry of AYUSH has become the first government department to join VoxWeb and used voxies to promote Yoga innovatively in run-up to International Yoga Day on 21st of June.