Noticeboard, a Bangalore-based mobile-first communication platform for on-field staff, has announced that it has raised $1.2 million (₹8 crore) in its first external round of funding.
The funding round was led by Stellaris Venture Partners, with participating from Rajesh Yabaji, founder and chief executive of logistics firm BlackBuck, and Jayant Kadambi, co-founder of digital advertising firm YuMe.
Along with them, other undisclosed angel investors have also invested in the current funding round. As part of the transaction, Alok Goyal, partner at Stellaris, will join the firm’s board.
The company will use the funds to strengthen its core technology and augment its product and design teams. Vishal Gahlaut, co-founder and CEO of Noticeboard, says that the funds raised will give the company an operational runway of 12-15 months. In a statement, he said,
At Noticeboard, we want to bring them into the formal model of official communication where anything that the company is doing, information on their role, their needs, payslips, grievances can be addressed digitally.
Alok Goyal, partner at Stellaris Venture Partners, said,
Despite nearly three decades of email, and thereafter, a variety of communication tools for desk workers, enterprise communication eludes front line staff. With over 300 million such workers in India and over 2 billion globally, we believe that this is a massive opportunity and one that should naturally come from India.
Noticeboard was founded in 2016 by former Myntra executives Vishal Gahlaut, Vishesh Dahinwal and Sarath Chandran. The startup offers a platform for enterprise communication to the frontline staff of an organisation, which helps in real-time flow of feedback, updates, and other items of notice.
The platform, which works for team sizes of 50-50,000, can also be used offline. The company claims that it is a first-of-its-kind product that addresses the communication lacunae between the desk and field staff.