Funding

Noticeboard raises $1.2M from Stellaris Venture Partners and others

Bengaluru-based communication platform, Noticeboard has raised $1.2 million in its first round of funding to further strengthen the technology, product and design teams. The round was led by Stellaris Venture Partners with participation from some handful of angel investors, including Blackbuck founder Rajesh Yabaji and YuMe cofounder Jayant Kadambi. Stellaris’ founder network have also participated in the deal.

Commenting on the fund release, Alok Goyal, Partner at Stellaris Venture Partners who has joined the Company’s board said, “Despite nearly three decades of email and thereafter a variety of communication tools for the desk workers, enterprise communication eludes the frontline staff. With over 300M such workers in India and 2B+ globally, we believe that this is a massive opportunity, and one that should naturally come from India. We are very excited to partner with Vishal, Vishesh and Sarath on their journey to build a world class SaaS company from India.”

Founded by former Myntra executives, Vishal Gahlaut, Vishesh Dahinwal and Sarath Chandran, who had together built and scaled Myntra’s marketplace. Vishal was a Vice President at Myntra, heading the women’s and kids wear business while Vishesh was heading Myntra’s in-house logistics function and had previously set up Jabong’s marketplace operations. The other cofounder Sarath was most recently doing product management at Walmart Labs and was earlier leading back end product at Myntra.

“At Noticeboard, we believe organizational communication has to be more inclusive. Noticeboard aims to empower frontline staff with real time communication and make them participants of the knowledge economy, much like email did for the desk workers.” says Vishal Gahlaut, CEO, Noticeboard.

There are over 2 billion workers in the organized sector in the world who don’t have an email address. As a result, updates, feedback and other items of notice take time to trickle down to the frontline staff leading to information gaps, poor training and a feeling of disengagement for the employee. At the same time, insights from the ground do not flow back from the staff to line managers and beyond.

“The falling costs of smartphones and data, makes it possible today to reach out to the last person in the organization. For teams to deliver superior customer experience, real time reliable information sharing is a must. ”, adds Vishesh Dahinwal, Co-founder, Noticeboard.

Noticeboard is focused on leveraging the power of the mobile phone to make information more accessible, and will be looking for top talent that understands the nuances of the small screen deeply.

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