“One key issue in this day and age is paid tweets and even paid reviews. Zorro is a pseudonymous social network, which is ring-fenced and content moderated. This gives you a clean and authentic timeline consisting of people from your network, sharing and consuming content freely. Moreover, we are fortunate to have some great founders on board, who bring a wealth of experience to the table.” said Jasveer Singh, co-founder and chief executive, Zorro.
Early-stage venture capital firms including Eximius Ventures, Roots Ventures and Venture Catalyst also participated in the funding round.
“We are living in the creator’s economy and thus there is a growing need for a pseudonymous platform where you can be yourself. Pseudonymity allows people to control their reputation and exposure to unwanted social interactions and consume or create content freely and fairly. This is a great opportunity and we have complete trust in the founding team of Zorro,” said 3one4 Capital, in a statement.
The platform is currently allowing users to join the waitlist, and is not open for all users yet.
“There is always a risk of being trolled and targeted for the content you share. Hence there was a pressing need for a pseudonymous platform where people can have free-wheeling conversations without the fear of being judged. This is a great opportunity for us to be a part of this innovative platform which we expect has a potential to tap at least 10% of the total Indian population,” said Dr Apoorva Ranjan Sharma, founder of 9Unicorns and Venture Catalysts.