Amigobulls, an online venture specialising in financial news and analysis for American equity markets, has raised an undisclosed amount in seed funding from iSPIRT's Sharad Sharma and Intuit India's Vijay Anand through online deal-making platform LetsVenture.
TV Mohandas Pai (former CFO of Infosys), Pallav Nadhani (CEO of Fusion Charts), Singapore Angels Network, GP Group of Thailand and others also put money in this round, as per a press statement.
The funds raised will be mainly utilised to build mobile platforms and strengthen Angiobulls' network of video bloggers.
Anand would join the board of Bangalore-based Amigobulls MediaTech Pvt Ltd, which owns and operates Amigobulls, as part of the transactions
Chandu Sohoni along with Poorna Nayak and Mandeep Makkar founded Angiobulls two years ago. The founders had previously worked together at NewsHunt.
"Chandu, the original co-founder of Newshunt, was instrumental in putting it on its current trajectory. With Amigobulls, he is going after yet another untapped segment and has all the pieces in place, showing good initial growth," said Sharad Sharma, who is a co-founder of software product association iSpirit.
Amigobulls uses patent pending big-data technology to provide investors with automatically generated analysis videos for thousands of popular stocks listed on NASDAQ and NYSE.