O hi, a unique social networking app, has successfully raised Rs 8 crore (approximately $1 million) in its pre-Series A funding round. The investment was led by existing investors JIIF, with participation from prominent angel investors.
Founded by Adeeti and Rupal, O hi distinguishes itself by creating digital chatrooms in real-life settings such as cafes, airport lounges, and hotels, fostering connections and communities in physical environments. The app aims to blend digital interaction with real-world human encounters, promoting a network centered on fame, stardom, and personal connections.
The funding will primarily be utilized to enhance O hi’s product offerings and integrate an AI-based profiling system, aimed at refining user experiences and engagement on the platform. Moreover, O hi has been invited by the Welsh Government to launch its platform in the UK, with a scheduled soft launch planned for July 2024. This initiative is supported by resources and assistance to facilitate O hi’s expansion into the UK market.
Since emerging from its 24-month-long product development phase and subsequent beta testing, O hi has rapidly grown its user base to over 800,000 users. The startup has reported a recent surge in user acquisition, achieving significant milestones in a short span of time.
In conclusion, O hi’s latest funding round underscores investor confidence in its innovative approach to social networking and its strategic expansion plans. The infusion of funds will play a crucial role in scaling operations, enhancing technological capabilities, and furthering market penetration efforts, particularly in the UK.