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Singapore-based startup Spini raises first round of funding, sets up base in India

Raises S$ 1 mn from Walden International

T E Narasimhan  |  Chennai 

Singapore-based startup Spini has raised first round funding of Singapore dollar one million from Walden International.

Spini’s online marketplace allows sales teams to source leads and to monetise the shared information. The start-up, co-founded by Eddie Chau, Shankar G and Chong-Kian Soh, and is operated by a team spread across Chennai, Bengaluru and Singapore.

“Reaching out to the right customer at the right time to close a deal has always been a huge challenge for every business. Cold calling is long dead and ineffective. Therefore, every salesperson is looking out for new avenues to find out their potential customers. Through Spini, we have a solution which helps sales persons and also empowers ordinary people to make money, said Shankar, co-founder and CEO of Spini.

The company is planning to cover more cities and is confident of clocking millions of transactions across India. In the coming years, the India operations and Singapore team will serve as the hub for all developing markets in India and the rest of Asia, the company said.

Spini's application service provides a wide range of features, including quality checks, anonymity, private chat facility, easy to use payment process and the reverse auction- based bidding that helps users to monetise information and connections.

“Knowledge is passé as anyone can Google anything! Real time Information is definitely the king now. At Spini, we are spinning a brand new career path that is driven by self-empowerment in life and is empowering stay-at-home moms, retirees, students and even professionals to monetise information,” said Eddie Chau, co-founder and chairman of Spini.

First Published: Tue, June 23 2015. 20:37 IST