Lead Angels Fund | VoiceClub I

Commitment Amount is in multiples of ₹100.00 100.00 (Unit value of investment scheme)

VoiceClub is an audio based one-on-one consultation app for Bharat users.

They have partnered with experienced consultants in certain verticals, who guide the users via a phone call. Users must add money to their virtual wallet, and every time they speak to a consultant, they are charged by the minute and the money gets debited from their account.

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Description

Problem
 

The main problem Bharat users have is that they aren’t very well equipped with text-based apps for resolving their queries. They are unable to frame their questions clearly and hence they are usually unable to get the correct responses from regular search engines. Also, users are often uncomfortable talking to relatives or associates about sensitive topics. 

 
Solution
 

VoiceClub has created an easy to use app which provides users the anonymity and the confidence to have all their queries and questions answered. They simply add money to their wallet, listen to a one-minute pre-recorded audio of various mentors, pick a mentor and talk to them. They are currently targeting Hindi speaking regions, but they want to expand to other regional languages soon.

 
Market Opportunity
 

The total addressable market for this product are the 100 Crore Bharat users. Predominantly, users in the Tier 3 and beyond cities would be their target customer.

 
Following are a few highlights of VoiceClub:
  1. Achieved an ARR of USD 300K in just 5 months of app launch.
  2. Revenue of more than INR 500 from 85% of Users.
  3. Co-investment opportunity with Better Capital, Blume VC and many other prominent  investors.
About the Founders
 

Founded GoKhelo (Real Money Gaming platform), working with Kutumb and acquired 1M+ Users in 3 Months.

 

Azhar Rabbani – Co Founder

Founded MyBiznis (A DIY platform for Business to come online), Acquired by Dukaan.

 

Wasim Ali – Co Founder

Founded MyBiznis (A DIY platform for Business to come online), Acquired by Dukaan.

 

 

Details of the round
VoiceClub is raising USD 700K at a Post-Money Valuation of USD 3.5Mn. Their round is being led by Blume and Better Capital, prominent VCs.
 
Please Note – Lead Angels only has an allocation of INR 30 Lakhs available in this round.
 
The investment in Oorja Energy is open only through our SEBI-registered AIF Category 1 VCF Angel FundLead Angels Fund. 
 
*The option to invest with a minimum ticket size of INR 2.5 Lakhs is only for Gold plan members and for the Freedom plan members INR 5 L is the minimum ticket size to invest in startups through the Lead Angels Fund.   
 
In case of commitments exceeding the allocated amount, allotment will be on a “First Come, First Serve” basis.

Additional information

Minimum Investment Amount

5 Lakhs

Investment Scheme

Lead Angels Fund VoiceClub I

Transaction Fee

2% of Investment Amount

Declaration

As per SEBI regulations, a member of the fund has to make a commitment of INR 25 lakhs to be invested through the Lead Angels Fund over a five-year period and also meet certain net worth criteria.

Investment Documents

  1. VoiceClub Pitch Deck – Link
  2. VoiceClub Pitch Video – Link
  3. VoiceClub MIS – Link
  4. VoiceClub All Documents – Link