This Gurgaon-based startup bags Anand Mahindra's $1 million seed funding

Anand Mahindra, Managing Director and Vice Chairman of the Mahindra & Mahindra Group, has invested USD 1 million in a Gurgaon-based startup named Hapramp.

Anand Mahindra took to Twitter to announce that his support to the newly founded company will be investing for their seed funding.

Hapramp was established by five students of the Indian Institute of Information Technology, Vadodara in 2018. The startup works on social media challenges like data security, user privacy and monetization of fair content.

Earlier in 2018, Anand Mahindra had announced his intention to extend funds to an Indian social media startup that met certain criteria. He brought ex-Mahindra executive, Jaspreet Bindra on board with him to find a next-gen Indian social network start-up.

In Hapramp, Anand Mahindra, has found the next-gen Indian social network start-up that he was looking out for.

Also, Jaspreet Bindra has now been assigned as the Executive Advisor and Mentor to the Hapramp founding team.

Interestingly, 1Ramp.io is one of the company's products, which is a social media platform for creative communities. Creators on this platform can earn cryptocurrency for every like they get. This is powered by Steem's Blockchain.

MSN News portal says that Hapramp's main offering GoSocial, a social media platform build to reward artists as well as content creators as they post and engage with the community, has already garnered 50 thousand users.