Delhi-based content aggregator portal Hubhopper has raised undisclosed amount in an angel funding round. The investment was led by Surendra Daulet Singh, Managing Director, GKR; and Daulet Singh, former CEO, British Bank of the Middle East (HSBC Group).
The raised funds will be used to further strengthen its board of members of which Surendra would be a member. Surendra is an entrepreneur, banker and a human resources veteran. His earlier stints include Grindlays Bank, The British Bank of the Middle East (HSBC group) as Chief Executive Officer, Hong Kong Bank.
As he stated, “As an industry expert in Human Resources, I felt a company like Hubhopper that has since its inception (through strong industry practices) kept its focus on building a strong product and brand that stands its ground during different stages of the economic cycle is the future of the sustainable startup ecosystem in the country.”
Hubhopper was founded by Gautam Raj Anand (Founder & CEO) and Uday Raj Anand (Co-founder & CSO). It currently works with a team of 30 and a freemium (Free+Premium subscribers) model. The startup aims to bring the content creators/publishers and consumers under one common platform with a familiar user experience.
It allows content creators to publish and reach out to the right consumers with high quality curated content – spanning across more than 40 categories like News, movies & TV, music, foodie, travel, health & fitness, business & finance, humour, technology and more
The company also claims to be backed by some of the leading names in startup and VC ecosystem many of whom also form its board of advisors — Sanjeev Bhikchandani (Co-founder, Info-edge India); Sanjeev Lamba (CEO, Reliance Entertainment & Board Member Hungama); Raman Kapur (Founder Avana Systems & Foundation’s Edge); Raman Roy (CEO, Quattro & Father of Indian BPO) and Jaideep Krishna (MD, Aark Global Ltd. & Former CEO, Cerberus Global Fund).
In near future, the company plans to add revenue streams through advertising and to introduce premium (paid-for) content and monetised through subscriber, transactional or hybrid model.