Giverly, a social-impact and payments platform, part of IA Impact Labs, has secured pre-seed funding in a round led by India Accelerator’s iAngels Network.
The pre-seed funding round witnessed participation from seasoned Angel Investors and corporate leaders.
IA Impact Labs is an SDG-first startup ecosystem in association with India Accelerator and United Nations Technology Innovation Labs committed to scaling purpose driven startups.
As part of the Best Accelerator in India, Giverly plans to utilize these funds to strengthen its technology platform, brand positioning and also expand its leadership team.
Established in 2022, Giverly provides VISA-powered pre-paid debit cards in partnership with Transcorp International Limited. These cards enable users to make cost-free donations towards critical social issues in India. Alongside donations, users gain access to exclusive discounts and offers from fashion brands, dine-out venues, travel, and entertainment. Giverly addresses the lack of transparency in online donations by providing real-time updates, photo and video proofs, and impact reports to donors.
Delighted with the fundraising, Sagar Menon- Co-Founder and CEO, Giverly said, “Today we celebrate not just the successful fundraise, but the belief and trust that our investors have placed in our vision. We will use this capital to continue building a company that not only delivers value to our customers and stakeholders, but also creates a positive impact on the world. Thank you to our investors for joining us on this journey of growth and impact”.
Munish Bhatia, Co-Founder, India Accelerator and IA Impact Labs said, “As a company, Giverly has a clear mission to make a positive impact on society. The company is empowering individuals and organizations to make a difference in the world and we are happy to be a part of their journey. We’re excited to support Giverly’s vision and look forward to seeing the positive impact it will have on the communities”.
Manvi Mehra, Co-founder and CBO, Giverly said, “We are beyond grateful for the kind of investors who have supported us as part of the pre-seed round. They are all industry leaders, bringing not just financial but also intellectual capital onboard. The belief of such seasoned and experienced individuals in our vision only strengthens us to work harder, and we are confident that it’ll be an extremely fulfilling journey for us all!”
The company also plans to expand its user base to the corporate space by offering convenient and rewarding pre-paid cards for employees while also instilling the culture of giving back to society within the organization. Offering a fuss-free way to tackle essential payments such as bonuses, rewards, gifts, reimbursements, and even salaries, corporates would be an expansive user space.