Shouut, a social discovery and sharing app, offered by Giant Tech Labs Pvt. Ltd. has raised $5 Million in angel funding from an undisclosed High Net-Worth Individual angel investor, based in India.
Founded by Praveer Kochhar, Shouut is an app that enables its users to discover and share amazing places or experiences in their instant vicinity, the platform also enables amplification of business deals to users around their business location. The Shouut app after undergoing around 10 months of development phase, was finally launched in February 2016 at Google’s Play Store.
“Shouut has been created to make people’s life easier with easy discovery for users, effective proximity marketing channel for brands along with trusted premium content,” said Praveer as per the source.
To keep the users intact and fully aware with their surroundings, the Shouut app has aggregated over 150+ bloggers, experience providers, travelers, writers and publications. Shouut covers various categories like drinks, food, nightlife, shopping, leisure etc. and has more than 25,000 recommendations across categories, which enable discovery in over 1100 towns in India.
Some of the active premium content partners are Lonely Planet India magazine, sodelhi, The Daily Pao and Kunzum Travels.
In its first leg, the company is pledging Rs.1 crore and aims to fund over 2000 such ideas. The key focus of the initiative is to source content recommendations across the country and enabling people to live their dreams, the company is working towards bringing brands on board to increase the total funding kitty for this initiative.