Quiph’s SuperShare, a smartphone dialer and communication platform, has raised Rs 48.5 crore (approximately $6.5 million) in a Series A round from new and existing investors. This would be the company’s second funding round in the last two years. In March 2020, it raised $1.6 million for its first product, QTalk.
Quiph has issued 3861 Series A preference shares for a total of Rs 48.5 crore at an issue price of Rs 125,548.12 per share. Lightspeed led the round with Rs 32.3 crore, while Accel, a previous backer, contributed Rs 11.2 crore.
The remaining Rs 5 crore was contributed by Utsav Somani, Angelist, Capier, Reddy Holdings, and Matilde Giglio.
Quiph’s first product, QTalk, was a voice-first mobile communication platform with the goal of creating an ecosystem of products and services to solve problems with virtual and offline communications. However, it appears that the company has abandoned it in favour of a new app called SuperShare (Android-only).
Users are rewarded for sharing links, or content, on SuperShare. According to the company’s website, the app has over 22,000 creators, 5000 communities, and a 70 million user base.
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