Silly Monks, others pick up 35 per cent stake in Thinkwide
Hyderabad: Silly Monks Entertainment and two other angel investors Sai Korrapati and SS Karthikeya have invested Rs one crore in the city-based Thinkwide, a hostels and PG accommodation finding tech start-up. The trio now holds 35 per cent equity in the start-up, Thinkwide, founder and CEO, Hari Krishna said at a press conference.
Thinkwide, developer of PGO mobile and web application platform which currently lists 40 per cent of the Hyderabad hostel and PG properties and over 20,000 users has announced plans to venture into three new cities this year, he said.
"We have divested 35 per cent of the equity for Rs one crore which will be spent on marketing.