Friday, May 12, 2017

Community building platform Fourth Ambit raised Rs 4 crore funding

Community building platform Fourth Ambit raised Rs 4 crore funding from crowdfunding platform 1Crowd and its investor community.


Also read: CureFit raised Rs 19.2 crore from Ratan Tata fund and others


The company runs a specialist online platform for colleges to help them build their student/alumni communities. The company has on-boarded more than 1,100 college communities including marquee brands like IIM Bangalore, NIT Trichy, NMIMS Mumbai, Manipal University.

The company said it will use the funds to expand its college footprint.

Rahul Das, co-founder of Fourth Ambit said We take pride in the fact that more than 95% of our customers have renewed their contracts with us over the last three years.


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