Ojas Ventures & Blume Ventures have co-invested in Bangalore based startup Insieve. The investment amount is not disclosed.Insieve aims at solving the problem of information overload, and allows for intelligent sharing of information. The startup currently is in private beta. The investment shall be primarily used for product development, business development and hiring.
Gautam Balijepalli & Rajesh Srivathsa of Ojas Ventures joined the board as advisors, and Karthik Reddy of Blume Ventures joined as an observer.
Speaking about why they chose to invest, Gautam said that, “the problem of information overload is getting worse by the day globally, and the team at Insieve has the right expertise to solve this problem.”
The founders of Insieve, Venkatesh Sharma & Bharath Kumar, are also the team behind Dhiti, a content discovery engine. They have been working on Insieve since the past 6 months.
Currently, with a team size of 4, they are soon looking to add 4 more engineers to their team in Bangalore. The product is expected to go live for users in 2 months.
Speaking about the investors, Venkatesh said that, “Gautam has been working with us closely since the ideation phase, and both Rajesh and Gautam have deep domain knowledge of how publishing works, and they have made similar investments in this space. We think Blume is disrupting the early stage investment space in India, and we are very happy to have them on-board.”
“Social relevance is extremely important when it comes to sharing, and we are very focused on solving that problem”, added Venkatesh.