Video-based Q&A platform Frankly.me raises $600K from Matrix Partners
Delhi-based Pochi Media Pvt Ltd, the company behind Frankly.me, an online platform that enables users to post a question and get answers from celebrities and experts through video selfies, has received $600,000 (Rs 3.8 crore) in seed funding from multi-asset investment firm Matrix Partners India.
The funds will be used for product development and expansion.
The startup was founded in March last year by IIT Delhi alumni Nikunj Jain and Abhishek Gupta. Jain had earlier founded a venture called InoXapps and is also an investor in online travel startup Tripoto. Gupta had previously worked at Zumbl.com.
Frankly is a platform where users can connect with celebrities via a web interface. Users can type in and post questions on the platform. The celebrities working in the respective fields will then answer the questions through video selfies. The product is currently in beta.
Frankly.me, which currently supports only Hindi and English, is focusing on the India market as of now. The service is also available on mobile apps.
The startup claims that it has 25,000 registered users across its web and mobile platforms. Additionally, it has on boarded 95 speakers/celebrities/experts that include political leaders, movie stars, authors, etc.
The company is planning to monetise the platform by introducing subscription and advertisement models in the future.