Professional Networking Start-Up Blue Circle Raises Fresh Round Of Funding

Updated on: 3 April 2023 6:35 pm

Previously in 2019, Smartworks raised $25 million from Singapores Keppel Land Ltd to fund its expansion plan

Smartworks Plans To Raise $70-90 Million, FY'23 Revenue Rises To Cross Rs 700 Crore Photo: Previously in 2019, Smartworks raised $25 million from Singapore's Keppel Land Ltd to fund its expansion plan

Professional networking start-up Blue Circle on Monday said it has raised a fresh round of funding from leading CXOs from private equity, tech, healthcare and legal sectors.

The Gurugram-based startup has raised more than $500,000 through two rounds of angel funding so far and is planning a pre-series A round in next few months, a statement said.

Currently, the Blue Circle App is exclusive to senior leaders with more than 15,000 C-suite executives engaged in sharing opportunities, business requirements and insights.

Follow our WhatsApp channel

"I am thankful to the investors for their faith in us and for the momentum their presence brings. We’re introducing exciting, new tools for members to collaborate and synergistically harness India’s multi-sectoral growth", said Siddharth Anand, founder and chief executive officer (CEO) of Blue Circle.

So far, members have exchanged thousands of business opportunities across 31 sectors, high-traffic ones being in tech, e-
mobility, renewable energy, healthcare and agriculture.

To further facilitate the exchange of opportunities, the company has launched a new version - Blue Circle 2.0, introducing a unique tool through which members can find professionals open to collaborating on projects related to their jobs and interests.

The new version will also invite content creators and contributors to share meaningful industry content and conversations. As of now, the platform has enabled tens and thousands of connections and conversations among members. Blue Circle has also hosted over 100 offline and virtual events across sectors and provided quality member engagement.

Prolific leaders such as Arvind Nair (former CEO of Domino’s India and presently founder and chairman of the Private Equity Fund, CarpediemCapital Advisors), Malahara Raju Pinnelli (global vice president of a leading tech company, Ecolab), Shivpriya Nanda (legal professional and partner at the leading Law firm, J. Sagar and Associates) have invested in this round.

"Blue Circle is going to change the way professionals network," said Shivpriya Nanda adding that "I believe this app provides a much-needed platform for professionals to discover new opportunities and insights. As a global recession looms, it might just be the parachute you need. It could just be your pit stop crew".