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Social media management startup Crowdfire raises $2.5M in Series A funding from Kalaari Capital

crowdfire, funding news

crowdfire, funding news

Mumbai-based Codigami Technologies Pvt Ltd, which owns and operates social media management startup Crowdfire, has raised $2.5 million in its Series A round of funding from Kalaari Capital, according to multiple media reports.

The funds will be used for team expansion and developing marketing tools for Twitter and Instagram.

Separate emails sent to both Crowdfire and Kalaari fetched no immediate response.

Founded in 2010 by Nischal Shetty, the startup was known as JustUnfollow till recently (February 2015). An engineer from Visvesvaraya Technological University, Shetty had earlier also founded Twi5, which lets users search for Twitter apps.

Crowdfire helps Twitter and Instagram users know about spam followers, people who unfollowed them, and inactive users, etc. It also enables users to find Twitter users nearby and schedule posts for Instagram, among other features.

The startup claims to currently have 10 million Twitter and Instagram users, of which 350,000 are active daily users, while 3 million are active monthly. It is available on the web, as well as on Android and iOS platforms. The company also claims that over 75 per cent of its daily signups are through mobile.

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