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NearGroup raises $ 1.6 MN seed funding

OpenOcean, Finland based early stage investor has reportedly backed the startup

NearGroup is a social dating app that connects like-minded people based on their location and personality, has reportedly raised $1.6 million in seed funding led by OpenOcean, Finland-based early-stage venture capital firm and NeoTribe Ventures, Silicon Valley based VC firm and Boost VC, SF based accelerator also participated in the funding round.

California-based NearGroup will use the investment to strengthen India operations and will be investing in hiring a marketing team.

The NearGroup chatbot works through messaging platforms such as Facebook Messenger, Viber, Kik, and Line. “There is social stigma which comes upon using a dating app and women do not wish to have an open dating profile which both their friends and relatives can see, so when a guy makes his profile on NearGroup messenger, his interests and thoughts can be viewed by women for them to send a chat request to, but the woman’s profile details can’t be viewed by guys, it is sort of a swayamvar for women,” Prashant Pitti, founder and chief executive of NearGroup, was quoted as telling ET.

NearGroup was founded in 2016 by Pitti who is also the founder of travel portal EaseMyTrip. It was one of the 12 companies selected by Boost VC, and it had subsequently shifted to San Francisco. NearGroup was also selected by Facebook Inc. for FB Start program earlier this year.

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