Degpeg, a live commerce platform provider, has raised Rs 2.93 crore in funding round from The Chennai Angels with participation from Venture Catalysts.
The company plans to use the funds to further develop its product offerings to enhance its marketing activities.
The Bengaluru-based Degpeg was founded in 2020 by Vipul Jain, It enables brands, retail and commercial businesses to go live from their website or choose from over 30 social and community channels.
Read also – [Funding alert] Sports tech startup Hudle raises $1 mn from Inflection Point Ventures
“Live streaming has been gaining momentum over the last few years in various business categories, including games, education, and content creator. we implement a futuristic approach to position the company as a leading video and live commerce solution for all kinds of brands and businesses across the world,” said, Vipul Jain, founder, Degpeg.
“The team at Degpeg has exhibited great insight, planning ability and execution track record in their journey so far. We, at The Chennai Angels, are excited to come on-board with Degpeg and look forward to partnering with them”, Venkatesh V, Lead Investor at The Chennai Angels.
“The Chennai Angels has been actively involved in several new technology start-ups and we are eager to see them scale higher in the years ahead,” he added.
Read also – [Funding alert] Finvu AA raises $2.5 million in Seed round
Advanced multistreaming platform ( 30+ Social platforms ) with unique capabilities for global content creators & brands worldwide.
The vision of Degpeg is to empower livestreaming in a way that can be used not only to produce real time content, but build a meaningful business out of it for content creators, advertisers or associated businesses like : e-commerce, retail, education, gaming etc.
In Degpeg, they keep working on their platform to provide amazing livestreaming experience to users of content creators or brands, which can increase engagement, retention rates & boost revenues.