Social Networking start-up VoxWeb, which owns a voice and picture based networking app, has raised $350,000 in a fresh funding led by an unnamed investor — for a new ‘talking picture’ app named Speaking Orange Line Picture. The new fund will be used to power company’s networking app and also to build its technology across the Android and iOS platforms.
Interestingly, the new fund raise comes in less than 4 months the previous $100k fund that the company raised from Jitendra Gupta, Managing Director, Citrus Pay.
For those who are unfamiliar with the whole thing,VoxWeb heralds — what could possibly be — a brand new era in Social networking. The app is part of the IIT Kanpur’s incubation program and brings a novel concept to how we interact with each other.
The app, founded by Yash Mishra, a former JP Morgan Executive, lets you post pictures and — also allows you to attach clips recorded in your own voice to them, basically creating speaking pictures of a sort. The talking pictures, can then be sent to contacts also on the VoxWeb platform or can be publicly shared to people following you on the network.
Yash Mishra, chief executive of VoxWeb, said –
We restricted the capital injection to $350,000 – much less than the investor desired to invest. In the process, we also became aware of a powerful undercurrent being created by the combo of VoxWeb’s network structure and speaking ‘orange line’ pics.
It is unknown if Jitendra Gupta happens to be an investor in this funding round as well. VoxWeb startup has launched the app in India, Europe and in the US, and is now targeting launches across Asia and the African continent.