A social enterprise Startup Haqdarshak, has secured Angel funding of $1.25 Million from a clutch of investors. The investors include WonderChef, Managing Director, Ravi Saxena and former Infosys Executive Sandeep Raju. Apart from its Pre-Series A funding, the startup has guaranteed funding of almost $2 Million from three social impact investors.
Operated from Bangalore, the startup was founded in January 2016, by a commerce student, Aniket Doegar. Haqdarshak is a social enterprise working to make welfare schemes more accessible to citizens by creating a multi-state, multi-lingual, mobile technology platform that helps citizens discover, apply for, and benefit from government and private schemes that they qualify for. The startup runs on a mobile application, which has a complete database of relevant government and non-government schemes.
Aniket Doegar CEO of Haqdarshak says, “Overall, the social impact space is very interesting…but it’s both a boon and bane. Unlike commercial enterprises, where you are valued to sales and revenues projections, we are pushed to be sustainable from day one. Social enterprises don’t give 20x returns. From day one, our investors push for sustainability and we are doing that.”
Haqdarshak has entered into multiple partnerships with state governments and corporate organisations to provide their services. The app is multi-lingual and can work even without the Internet. The candidates are screen tested by asking 15-20 questions. The candidates are charged from Rs 40-250, gauging their eligibility for a particular scheme. The 25% of the fees goes to the company.
The startup have received many awards for their innovative ideas like they got selected amongst top 10 teams in Intel for DST Innovate for Digital India Challenge. Selected amongst top 10 teams in Sankalp Global Innovation Challenge, 2016 for Intellecap Initiative; Winner in Nasscom Social Innovation Forum, 2016; Winner under Social Impact category in Anthah:Prerna 2015 an initiative of TiE Bangalore.
Haqdarshak has more than 1,500 schemes and is present in Maharashtra and Rajasthan. The new funds will be utilised for the expansion of product and to introduce more than 5000 schemes by the year end. Read more India Startup Ecosystem.