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Sprect secures INR 50 million in Angel Funding, led by Siddarth Shetty

Funding Alert

Sprect, an emerging consumer-to-consumer (C2C) consulting marketplace, has announced a major milestone by successfully raising INR 50 million in angel funding. The investment was led by Siddarth (Sid) Shetty, a seasoned industry veteran who currently serves as Chief Business Development Officer at ServiceChannel.

This infusion of capital marks an exciting new chapter for Sprect, which was founded in August 2023 by Mohit Khadaria and Vishal Rupani. Short for ‘Super Connect’, the platform aims to bridge the gap between individuals and professionals in various fields and provide expert advice easily accessible online.

With this funding, Sprect intends to accelerate its product development, expand its team, strengthen its marketing efforts and improve its sales initiatives. The main focus remains on enhancing the platform’s capabilities to facilitate seamless one-on-one interactions between users and leading professionals (PROs).

Siddarth Shetty’s extensive leadership experience spanning operations, business development and market strategy positions him as a valuable addition to Sprecta’s journey. In particular, Shetty played a key role in ServiceChannel, contributing to its eventual acquisition by Fortive for $1.2 billion in 2021.

Commenting on his investment, Siddarth Shetty expressed his enthusiasm for Sprect’s innovative approach to democratizing access to expertise. He highlighted the platform’s impressive growth in attracting a pool of professionals without traditional ad spend and highlighted its potential to open up new monetization opportunities for professionals from a variety of backgrounds.

Responding to Shetty’s investment, Mohit Khadaria, co-founder of Sprect, expressed his excitement about the partnership and cited Shetty’s track record of building exceptional teams and driving innovation. Vishal Rupani, co-founder of Sprect, echoed this sentiment, highlighting the validation of Sprect’s vision through Shetty’s support.

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Sprect’s marketplace already boasts a diverse roster of PROs from prominent companies, educational institutions, government officials and dignitaries, ensuring users have access to expertise tailored to their needs.

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