- Raised Seed Funding of 0.5mn USD from MAS Sealing Systems (P) Ltd.
Chennai, 7th August 2019: Pixalive, India’s first stylish, colorful, trending and disappearing social network application with voice note feature, ropes in Actress & Entrepreneur Pranitha Subhash as its brand ambassador and announces the seed funding of 0.5mn USD it raised from investors headed by MAS Sealing Systems (P) Ltd. in Chennai today. Pixalive is the brainchild of Mr. Rajasekar Sundaresan, Director and founder of Tripalive.me Technology Pvt. Ltd.
Pixalive has a bulk of basic features like sharing data and propagating it through their contacts but also boasts of new user customized features like trending country, people, photo, video, voice, text and hashtag and nearby options which restricts a user from sharing data on geographical range basis and to a private group or public.The data posted will be automatically erased from the Pixalive application when timer is selected, giving it a human touch to cherish moments and videos till they are there.
During the occasion, Mr. Rajasekar Sundaresan, Founder and CEO, Pixalive Social Media Application said, “I am overwhelmed by the response from Android users around the world after our official launch of the app 8 months ago. So far more than 3 lakhs downloads registered with more than 1,20,000 active users from 130 countries in Android platform alone, which is phenomenal. The fund raised will be utilized to extend the service to iOS users as well and to further develop special features in the application”.
“Pixalive will also be available in iOS platform in the next 2 months. I strongly believe that by 2022, Pixalive will be a true competitor to all the social media applications from other countries like Facebook, Twitter, Snapchat and Instagram”, he further added.
Mr. Nitesh Jain, Nominee Director, MAS Sealing Systems (P) Ltd. said, “We are one of the leading packing and gaskets manufacturing company in India and we are very proud to have associated with Pixalive which has the potential to make it big and to compete with the other social media apps in the world”.
CA Bharath Jain, Director, K2D Multidisciplinary Services (P) Ltd. said, “In long run there will be a lot of value creations by this app. It will really be very satisfying to see another Indian company being created which is of global scale and global vision. Every country’s market is different, so going global will bring us a lots of challenges, but they will bring us opportunities too”.
To install the Pixalive app from Google Play Store, Visit:
About “Tripalive.me Technology Pvt. Ltd.”:
It is an umbrella company for a series of software products to elate a Digi-social experience of the users. The products that are planned to be launched after Pixalive (a social networking app) will belong to sectors like technology, healthcare, fintech, education, travel and tourism and food tech industry. With a goal of being another Indian billion-dollar unicorn, the company has placed its first foot in market with Pixalive.
About “MAS Sealing Systems (P) Ltd”:
MAS SEALING SYSTEMS (P) LIMITED is one of India’s leading packing and gaskets manufacturing company, established in 1993. Within its short span of existence, the company has firmly entrenched itself in the industry. MAS SEALING SYSTEMS (P) LIMITED has the set-up of a large company as far as resources and quality are concerned but operates with the speed and versatility of a small company.Now, the Company has diversified the portfolio by investing in Pixalive. The investor group will be headed by Mr. Nitesh Jain, Nominee Director of the Investor.