Zorro, a pseudonymous social network, has raised $3.2 million (about Rs 24 crore) in a Seed funding round led by several individual investors which include 16 unicorn and soonicorn founders.
Individual participants include Vijay Shekhar Sharma (Founder & CEO, Paytm); Ritesh Agarwal (Founder of OYO Rooms); Ankiti Bose (Founder of Zilingo); Kunal Shah (Founder of CRED); Ashish Hemrajani (Founder of BookMyShow); Ashneer Grover (Founder of BharatPe); Lalit Keshre (Founder of Groww); Jitendra Gupta (Founder of Jupiter); Gaurav Gupta (Co-founder of Zomato); and multiple other angel investors.
Venture capital firms 3one4 Capital and 9Unicorn Ventures co-led the seed funding round with participation from Eximius Ventures, Roots Ventures, and Venture Catalyst.
With this round of funding, Zorro will focus on strengthening its tech team with problem-solving skills that can build and scale the product, which will maximize the platform's growth, the statement said.
Founded in 2021 by Jasveer Singh, Abhishek Asthana, and Deepak Kumar, Zorro is a pseudonymous social network platform where people can have free-wheeling conversations without the fear of being judged.
"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 & CEO of Zorro.
“We are living in the creator’s economy and thus there is a growing need for a pseudonymous platform where you can be yourself. Pseudonymity allows people to control their reputation and exposure to unwanted social interactions and consume or create content freely and fairly. This is a great opportunity and we have complete trust in the founding team of Zorro," said 3one4 Capital, in a statement.
At present, Zorro's platform is allowing users to join the waitlist and is not open for all users yet.
Speaking on the investment, Dr. Apoorva Ranjan Sharma, Founder of 9Unicorns and Venture Catalysts, said:
“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.”