Mumbai-put together MemeChat with respect to Monday raised $150,000 from beginning phase adventure reserve 500 Startups as a feature of its quickening agent program. Partaking in the 27th bunch, MemeChat turned into the solitary Indian startup to join the program.

Kyle Fernandes, CEO and Co-Founder of MemeChat stated, “Making sure about the financing from an around the world famous firm like 500 Startups will assist us with pushing the quickening agent on our development plans. For a youthful organization like our own, this worldwide acknowledgment is a colossal lift. It will likewise help us acquire openness and perceivability in the startup biological system.”

The startup will utilize the subsidizing to patch up its foundation and make it more easy to understand, and is currently looking at a worldwide client base.

The most recent variant is an intuitive organization with new highlights like saving most loved images, a segment that presents top moving images of the day, and MemeChat bunch fight. The last is planned as a discussing stage where clients can fight it out by utilizing images.

Dispatched in 2019 by Kyle Fernandes and Taaran Chanana, the local systems administration site is winning the Gen Z and millennial populace over by encouraging imaginative methods of correspondence through images.

It was additionally among the 24 applications from 6,940 passages to be chosen as champs of the AatmaNirbhar App Innovation Challenge by MyGov.

Other than the principle application where clients are boosted to make and circulate images, the startup offers two different items — MemeChat Keyboard, a coordinated console for Android and iOS clients to share images on other informing stages, and MemeChat Studio, a completely mechanized answer for brands and corporates to commission images altogether and convey them.

MemeChat permits web-based media influencers to fix a rate and offer images. Working on B2B2C model, it professes to have amassed 1.2 million clients with more than 5,000,000 images created on the stage. MemeChat is likewise the authority accomplice of OTT stages like Hotstar, Amazon Prime, and ALT Balaji.