# Milaap Social Ventures

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/milaap-social-ventures

- Industry: Financial Services
- Headquarters: Bangalore, India
- Website: www.milaap.org
- Total disclosed funding: $2M
- Latest round: Series A (Nov 2, 2016)
- Investors on record: 6

## About

Milaap Social Ventures is a crowdfunding platform that connects individuals and organizations with donors, facilitating fundraising for diverse personal and community needs, including medical emergencies and educational projects.Milaap Social Ventures operates a crowdfunding platform aiming to support personal and community fundraising needs. Founded by Aarthi Ganesh, Anoj Viswanathan, Mayukh Choudhury, Merlin Mathew, and Zoya Aziz, the company is headquartered in Bangalore, India. In November 2016, Milaap raised USD 0.48 million in Series A funding from National Research Foundation and returning investor Jungle Ventures, valuing the company at USD 3.74 million post-money.Milaap offers a crowdfunding platform that facilitates fundraising for a diverse range of personal and community needs, including medical emergencies, educational projects, and non-profit initiatives. The platform empowers individuals and organizations to create and manage fundraisers efficiently, connecting them with their personal networks and the larger community. Since its inception in 2010, Milaap has served a wide customer base across India and international markets, emphasizing transparency and user-friendly policies.Milaap's revenue for the most recent year, 2023, was USD 2,976,903.50, with an EBITDA of USD -288,524.20. The revenue model is built on a voluntary tipping system alongside payment processing charges, enabling a 0% platform fee structure for fundraisers. This approach encourages contributions based on user satisfaction, with transactions typically initiated by fundraising campaigns supported through donations from social circles and the public.Milaap Social Ventures plans to leverage its recent Series A funding of USD 0.48 million raised in November 2016 to enhance its platform and user support. The focus will be on expanding its reach into new markets, particularly targeting more international users while strengthening its presence in existing regions. Specific strategies include developing new product features aimed at improving fundraising experiences and increasing engagement through personalized support, with initiatives expected to roll out over the next few years.

## Funding rounds

- Series A, Nov 2, 2016, $0.5M — National Research Foundation, Jungle Ventures
- Series A, Apr 12, 2011, $1.5M — LionRock Capital, Khosla Impact, Capria Ventures, Ta Activity Singapore Private Ltd.

## Investors

- LionRock Capital (https://capitalatlas.ai/funds/lionrock-capital) — Series A
- Khosla Impact — Series A
- Capria Ventures (https://capitalatlas.ai/funds/capria-ventures) — Series A
- Ta Activity Singapore Private Ltd. — Series A
- National Research Foundation — Series A
- Jungle Ventures (https://capitalatlas.ai/funds/jungle-ventures) — Series A