Mumbai: Venture Catalysts, India’s first and largest integrated incubator and accelerator, participated in a pre-Series funding round in social ecommerce startup KikoTV.
SOSV, a global VC firm led the round. The round also saw participation from Neil Bahal, CEO of Negen Capital along with other prominent angels.
KikoTV is a live-streaming social e-commerce platform that enables users to virtually shop, sell, discover, and access entertainment all at once.
Founded by Shivam Varshney, an alumnus of IIT Bombay, and Alok Chawla, an MBA from NMIMS, KikoTV is an application with an innovative intent-based model of live-video commerce which blends shopping and entertainment.
Its prominent value proposition leverages advanced technologies to deliver a two-way interactive shopping experience to customers by enabling them to step into a virtual store and interact with as well as receive assistance from the sellers.
Venture Catalysts is India’s first integrated incubator. It invests $250K – $1.5 Million in early-stage startups that have the potential to create enduring value for a long time.
Venture Catalysts brings a lethal combination of Capital, Mentoring, and Business Network to help investee companies to succeed. Their innovation provides value to startups through its extensive angel network, funding, community, services, and co-working facility.