Indian tech startup Zorro raises USD 3.2 million in seed funding

India-based Zorro, a pseudonymous social network platform that supposedly guarantees users’ privacy by allowing them to post content under a false name, raised USD 3.2 million on 10th December.

Investors: 9Unicorn Ventures and 3one4 Capital co-led the investment round. Venture Catalyst, Eximius Ventures, and Roots Ventures also participated. Several angel investors participated as well, including Vijay Shekhar Sharma, Founder and CEO of Paytm; Ritesh Agarwal, Founder and CEO of OYO Rooms; Ankiti Bose, Founder and CEO of Zilingo; Kunal Shah, Founder and CEO of CRED; Ashish Hemrajani, Founder and CEO of BookMyShow; Lalit Keshre, Co-founder and CEO of Groww; Jitendra Gupta, Co-founder at Zomato.

Purpose of funding: The funds will be used to assemble a strong technology team that can build and scale a robust product through strong problem-solving skills.

About Zorro

Founded in 2021 by Jasveer Singh, Abhishek Asthana, and Deepak Kumar, Zorro is located in Gurugram, India. The platform works as follows. By registering on Zorro with their phone number, users can link their Twitter account with the platform to access the list of followers and people they follow. Zoro then adds content on the timeline of the new user from users who have either followed or followed that new user on Twitter using its platform.

Unlike, in reality, everyone’s identity is hidden, and their only identification is a badge representing their roles or profession. User badges could say, for example, ‘lawyer’ or ‘entrepreneur’.

What the founders have to say

“One key issue in this day and age is paid PR, paid tweets, and even paid reviews. Often the truth is hidden on the 6th page of Google search results. Zorro is a pseudonymous social network, which is ring-fenced and content moderated. This gives you a clean & authentic timeline consisting of people from your network sharing & consuming content freely. Moreover, we are fortunate to have some great founders on board, who bring a wealth of experience to the table,” said Jasveer Singh, Co-founder and CEO at Zorro.

“We got an excellent response from people during our MVP testing, and we found out the need to have a pseudonymous network, which lets you express yourself freely & fairly to the people who are strictly a part of your existing network, basically a ring-fence. Hence, Zorro has been positioned as a means to discover the truth,” said Abhishek Asthana, COO and Co-founder at Zorro.

What the investor has to say

“We are living in a digital world when content is the king, and the content creators are kingmakers. However, there is always a risk of being at risk of being trolled and targeted for the content you share. Hence there was a pressing need for a pseudonymous platform where people can have free-wheeling conversations without the fear of being judged,” said Dr Apoorva Ranjan Sharma, Founder at 9Unicorns and Venture Catalysts.

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