The Chennai Angels (TCA), one of the most active angel investing groups in Tamil Nadu, along with Venture Catalysts, has invested ₹2.93 crore in Degpeg, a Bengaluru-based live commerce platform.
The platform enables brands, retail, commerce businesses, and influencers to go live from its website or choose from a platter of 30 plus social and community channels. The funding will be used by Degpeg to further develop its product offerings and marketing activities.
Vipul Jain, founder, Degpeg, said, “Live streaming has been gaining momentum over the last few years in various business categories including games, education, and corporates. We implement a futuristic approach to position the company as a video and live commerce solution for all kinds of brands and businesses. The funding from The Chennai Angels will assist us in taking this vision forward.”
