Able Joseph’s Startup 'Aisle' Raises Pre-series a Fund of Rs 1.25 Crore

Thammanam native Able Joseph’s Bangalore-based startup Aisle, a matchmaking site, has raised a pre-series A round of Rs 1.25 crore.

Published: 29th January 2016 04:06 AM  |   Last Updated: 29th January 2016 04:19 AM   |  A+A-

Aisle

KOCHI: Thammanam native Able Joseph’s  Bangalore-based startup Aisle, a matchmaking site, has raised a pre-series A round of Rs  1.25 crore from TermSheet.io and ah! Ventures.

The round was led by investors Anand Vijay, Mekin Maheshwari (earlier chief people officer at Flipkart) and Anand Chandrasekaran, chief product officer of Snapdeal and many more.

Founded in July 2014 by Able Joseph, Aisle is a matchmaking site targeted toward a niche audience - the affluent singletons of urban India.

Focused on Bangalore, Delhi, and Mumbai, Aisle looks to extend its user base to other cities in India and in places with a high concentration of non-resident Indians (NRI). The aim is to increase the number of active users to over 8,000 in the next two months.

Able Joseph who was born and brought up in Thammanam studied in Bhavans Vidya Mandir, Girinagar, till class V followed by four years in Muscat, Oman. He continued his studies in Choice School, Tripunitura, after which he did his Bachelors in Business Management from Garden City College, Bangalore.

In October 2011, he founded CollarBone.in, India’s first online clothing store for dogs and cats that was shut down for lack of funds. He moved to Dubai and worked with e-commerce companies in the Middle East. He returned to Bangalore and started Aisle. The startup is a team of eight led by Able, Bivin Benny, director, User Relations and Razee Marikar, chief technology officer.

In February 2015, the startup raised $ 1,00,000 (`68 lakh) in seed funding from a group of angel investors from Bay Area and India.

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