InvestorQ : What is the significance of the investment made by Anand Mahindra in the Hpramp venture?
Chandralekha Desai made post

What is the significance of the investment made by Anand Mahindra in the Hpramp venture?

Answer
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Mitali Bhutta answered.
3 months ago


Anand Mahindra of the Mahindra group has invested $1 million (Rs 7.6 crore) in his personal capacity in Hapramp; a start-up working on next generation technologies like Blockchain and social media. Hapramp was founded in 2018 by five students of IIIT, Baroda. Mahindra has been looking for opportunities to fund Indian social media start ups working on next gen social media technologies. Hapramp is currently building a Web 3.0 social network focusing on emerging digital technologies, which rewards content creators and also protects personal data. In the early days, this Gurugram based Hapramp was incubated by Huddle, a sector-agnostic incubator. Huddle also had a small investment in Hapramp. The start-up also owns the Asteria Protocol to assist platforms to privately and securely treat public data. It could be a big leap in social media, according to Anand Mahindra.