SuperShare

Key Highlights:

  • Content sharing startup SuperShare has raised $6.5 Mn funding in its Series A round.
  • SuperShare plans to use these funds to accelerate product and market development activities.
  • SuperShare competes with startups such as Moj, Roposo and Josh in the video-sharing segment.

Content sharing startup SuperShare has raised $6.5 Mn funding in its Series A round. The round was led by Lachy Groom, Accel India and Lightspeed. With this funding, the startup has also closed its Series A funding round.

This funding round was attended by several influencer management agency executives and content creators, including Tanmay Bhat and MythPat.

The startup was founded by IIT Bombay alumni–Modi and Advaith Vishwanath in 2021. Quiph Media is the parent company of SuperShare and is its second product.

SuperShare plans to use these funds to accelerate product and market development activities. Along with that, it plans to launch its app within a few months. To date, it is working in stealth mode. It serves both content creators and the general public as a content-sharing platform.

In an interview with the CEO and co-founder of SuperShare, Sagar Modi said, “As the social media landscape continues to evolve, we believe there is an opportunity to increase intimacy and efficiency in the way we share content on the internet. To build a global consumer platform right here from India, we are aggressively hiring across engineering and product.”

Users can earn points for sharing videos on other social media platforms by using the app to manage their video content and identify their loyal fans, the app will also help content creators manage their video content. Reward points can later be redeemed on different platforms to purchase products and services.

As per the startup, Currently, SuperShare only allows a handful of content creators to use its platform.

A $1.6 million funding round led by Accel India and Lightspeed was secured by SuperShare’s parent company in 2020.

SuperShare competes with startups such as Moj, Roposo and Josh in the video-sharing segment.

The Indian video market, currently valued at $11.6 billion, is expected to increase to $18 billion by 2026, with a CAGR of 9.5%.

To get regular updates on funding new, visit Alphafirms.

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