Amritsar, NFA Post: Women-centric startup Say Cheese has announced that it has raised an undisclosed amount in a seed funding round from angel investor Naved Khan.
The Mumbai-based three-month-old startup’s valuation is now pegged at Rs 100 million.
The fresh funds will be utilised to build Say Cheese’s services and enhance the technology to make the platform more scalable, the startup said.
“We are very excited to have received this investment from New Beginning Pvt Ltd. This investment is a testament to the need for such a platform in India and across the world,” Say Cheese Founder and Chief Executive Officer Rajpreet Kaur said.
New Beginning Pvt Ltd is a company run by Khan, who previously was an employee at Ebay and Idea Cellular. Currently based in Sydney, Australia, Khan is also an angel investor.
Till date, Khan has backed three startups spanning across sectors including automotive, natural cosmetic products, and fintech.
“Say Cheese operates in a space which has a huge potential to scale up and the good news is that it has a head start. I was impressed with the unique idea and I believe its time has come,” New Beginning Pvt Ltd Founder Naved Khan said.
He added “The huge potential socio-economic impact the venture promises to establish, the progress the team has made in a very short period, and most importantly, the vision and passion of the founder, Rajpreet, have been some of the other factors.”
Launched in December 2020, Say Cheese is a platform focusing on women’s happiness and provides holistic and personalised solutions for the challenges women face across careers, relationships, and health.
The startup that claims to have acquired over 2,650 registered users from across India, says that women can connect with experts and service providers from a variety of fields, seek and give support to each other, and leverage proprietary action-oriented and scalable self-service online tools to carve their unique path, through the startup.