Over 150 Colleges in India & abroad use AlmaConnect to connect with alums including the likes of IIT Roorkee, St. Stephen’s College, Nanyang Business School.
Recently AlmaConnect launched a beta feature, where aggregates news about theAlumni of an institute from over 500 media websites. This, amongst other things, has led to an amazingly engaged platform seeing a daily engagement of over 30% users & weekly engagement from over 75% of the users. They are now opening this version to top IITs, IIMs, BITS& ISB.
Given the alumni interaction problem has existed from decades primarily because of how to engage alumni daily/weekly, these numbers are a big break through in the social networking space which has a potential market of catering to 10 million alumni & students of over 20,000 institutes in India itself.
Swapnil Khandelwal,Founder, Almaconnect explained: “Reid Hoffman said: “Massively valuable properties will be built off networks.There will be different networks for different domains.” WE are building one such massive network over alumni networking domain”.
“It has taken us 4 years of experimentation, 150+ colleges, 25+ experimental features,
125,000+ users to finally crack a sustainable & scalable alumni engagement model” he added.
Over time, they plan to use it as a platform to enter different domains, including referral jobs market very soon.
It has previously raised $300,000 of funding through CIIE, IIM Ahmedabad, Ixora Ventures, DiscountShop.com & a few more angels and is being accelerated by 91springboard. 91springboard has been advisors to startups like Squadrun, Primaseller, Phonewarrior, Wedmegood, amongst others.
Almaconnect is now in raising a Series-A round of $2 million for expanding its user base to 1 million and further enhancing the engagement metrics.
The kudos however, have already started flowing in:
Pranay Gupta, Co-Founder, 91springboard said “I think the engagement that AlmaConnect is seeing is a game changer. It is on its way to be one of the biggest alternate social network which is beyond just a friends network.”
Dharmendra Yashovardhan, Co-Founder, Ixigo, too was ecstatic : “It is fascinating to see how the team has taken it to their heart that they want to solve the problem of the alumni community and build real scale here.”
For More Information : https://www.almaconnect.com/