Social media app MemeChat raises $1-M from Beenext, others

Gurugram-based MemeChat, a social media networking app, has raised over USD 1 million in its second round of funding led by Beenext. The angel investors who participated in this round included Stanford Angels & Entrepreneurs, 9unicorns, Founders Room Capital, Gaurav Munjal, Roman Saini, and Abhishek Goyal. MemeChat claims over 5 million downloads and 20 million memes on the app. It will continue to strengthen the user base for its newly launched The Meme Club, an NFT marketplace (TMC), develop its networking app by building tools to discover & share memes, and build a stronger recall value for MemeChat.