Professional Networking startup, Blue Circle has raised a fresh round of funding from leading CXOs from the Private Equity, Tech, Healthcare & Legal sectors.
The Gurugram-based startup has raised over $500,000 through 2 rounds of angel funding so far and is planning a pre-series A round in the next few months.
The startup will use the funds to strengthen its technology, build product and accelerate user acquisition
Currently, the Blue Circle App is exclusive to senior leaders with over 15,000 C-Suite Executives engaged in sharing opportunities, business requirements & insights .
“Frankly, it was a rollercoaster ride learning what senior executives want out of a professional network. Things started working when – Members started exchanging business opportunities, making real connections and meeting offline. I’m thankful to the investors for their faith in us and for the momentum their presence brings. We’re introducing exciting, new tools for members to collaborate & synergistically harness India’s multi-sectoral growth.”, said Siddharth Anand, Founder and CEO, Blue Circle.
So far members have exchanged thousands of business opportunities across 31 sectors, high traffic ones being in Tech, E-Mobility, Renewable Energy, Healthcare and Agriculture. This has resulted in several transactions – a drone manufacturer is now shipping drones to Africa, several firms have recruited successfully through the platform, an E-Mobility Manufacturer purchased auto components – these are just a few examples from among the many such opportunities exchanged through the app.
To further facilitate the exchange of opportunities, the company has launched a new version – Blue Circle 2.0, introducing a unique tool through which members can find professionals open to collaborating on projects related to their jobs and interests. In other words, if someone leads operations at a Fortune 500 company and is open to partnerships, gigs, speaking opportunities, mentoring, Blue Circle is a sector-specific platform to express that.
Furthermore, the new version will also invite content creators & contributors to share meaningful industry content & conversations. As of now, the platform has enabled tens and thousands of connections & conversations among members. Blue Circle has also hosted over 100+ Offline & Virtual events across sectors and provided quality member engagement.
Prolific leaders such as Arvind Nair (Former CEO of Domino’s India & presently Founder &
Chairman of the Private Equity Fund, Carpediem Capital Advisors), Malahara Raju Pinnelli (Global
Vice President of a leading tech company, Ecolab), Shivpriya Nanda (Legal professional and Partner at the leading Law firm, J. Sagar & Associates) and G Raghavan (Former CEO of many leading organisations and currently Managing Director, Kaer Air) have invested in this round.
“Blue Circle is going to change the way professionals network,” said Shivpriya Nanda. “I believe this app provides a much-needed platform for professionals to discover new opportunities & insights. As a global recession looms, it might just be the parachute you need. It could just be your pit stop crew”
“I’ve long wished for such a clutter-free network where I can explore business opportunities in my sector and browse other areas of interest. In times to come, Blue Circle could be the world’s go-to professional networking app and I am excited to be a part of this journey.” Said Malahara Raju Pinnelli