ANI |
Updated: Apr 23, 2026 18:10 IST
PNN
Mumbai (Maharashtra) [India], April 23: India’s rapidly growing startup ecosystem has another success story as Identityy, a homegrown social media platform developed by Treefe Technology, has secured early-stage venture capital funding from Swishin Ventures. The development comes at a time when the platform has already crossed 1 million users across Android and iOS, marking a strong validation of its growth and market acceptance.
Identityy Funding: Key Highlights
– Startup: Identityy (Treefe Technology Product)
– Funding Stage: Early-stage VC funding
– Investor: Swishin Ventures
– User Base: 1 Million+
– Category: Social Media Platform
– Focus: Made in India, Global Expansion
Identityy is positioning itself as a “Made in India, for the world” social media platform, aligning with the broader vision of India becoming a global digital innovation hub.
What Makes This Funding Significant?
The funding from Swishin Ventures is not just a capital boost but a strategic partnership. The VC firm is led by Mahavir Pratap Sharma, a highly respected name in India’s startup ecosystem.
Mahavir Pratap Sharma is:
– A serial entrepreneur and angel investor
– General Partner at a SEBI-registered Category I VC fund
– Former first Asian Chair of TiE Global Board of Trustees
– Backer of startups for over 13+ years
His involvement brings deep mentorship, global network access, and strategic scaling expertise to Identityy.
Founder Statement: Vision Behind Identityy
Kapil Agarwal, Founder and CEO of Identityy, said:
“This backing from Swishin Ventures is a strong endorsement of what we are building. Crossing 1 million users is just the beginning for us. Our vision has always been to create a platform built in India, for the world — and having a partner like Mahavir sir, who deeply understands how to scale startups from Bharat to global markets, gives us immense confidence for the journey ahead.”
Investor Perspective: Why Swishin Ventures Invested
Sharing his views on the investment, Mahavir Pratap Sharma said:
“India is at a pivotal stage where homegrown digital platforms have the potential to scale globally. Identityy reflects strong innovation, execution capability, and early traction. We are excited to support the team in building a globally competitive product from India.”
Identityy Growth Story: 1 Million Users and Rising
Identityy’s journey to 1M+ users before institutional funding highlights:
– Strong organic user adoption
– Product-market fit in India
– Rising demand for Indian social media alternatives
– Scalable technology infrastructure
The platform is part of a new wave of Indian digital platforms challenging global giants by focusing on localized engagement, user-first design, and cultural relevance.
What’s Next for Identityy?
With fresh funding and strategic backing, Identityy plans to:
– Expand its user base across India and international markets
– Introduce new platform features and innovations
– Strengthen the creator and community ecosystem
– Scale technology and infrastructure
The startup aims to become a global social media player emerging from Bharat.
Industry Impact: Rise of Indian Social Media Platforms
This funding reflects a broader trend where:
– Indian startups are gaining global investor confidence
– Users are actively exploring alternatives to global platforms
– “Made in India” digital products are scaling faster than ever
Identityy’s success reinforces India’s position as a leading startup and innovation hub.
About Identityy
Identityy is a social media platform developed by Treefe Technology. Built with a vision to connect users through innovative digital experiences, the platform focuses on global scalability with Indian roots and is available on Android and iOS.
About Swishin Ventures
Swishin Ventures is a SEBI-registered Category I venture capital fund investing in early-stage startups with high growth potential. Led by Mahavir Pratap Sharma, the firm supports founders with capital, mentorship, and strategic guidance.
(ADVERTORIAL DISCLAIMER: The above press release has been provided by PNN. ANI will not be responsible in any way for the content of the same.)
