Noticeboard raises $1.2 million from Stellaris Venture Partners

Enterprise messaging startup Noticeboard on Tuesday raised USD 1.2 million in a funding round led by Stellaris Venture Partners. Blackbuck founder Rajesh Yabaji and YuMe co-founder Jayant Kadambi also participated in the round.

The fund will be utilised to strengthen the technology, product and design teams.

Founded by former Myntra executives, Vishal Gahlaut, Vishesh Dahinwal and Sarath Chandran, Noticeboard is a communication platform for frontline staff.

Gahlaut was a vice president at Myntra, heading the women’s and kids wear business. Dahinwal was heading Myntra’s in-house logistics function and had previously set up Jabong’s marketplace operations. Chandran was most recently doing product management at Walmart Labs and was earlier leading back end product at Myntra.

“At Noticeboard, we believe organisational communication has to be more inclusive. Noticeboard aims to empower frontline staff with real time communication and make them participants of the knowledge economy, much like email did for the desk workers," said CEO Vishal Gahlaut.

According to the company, there are over 2 billion workers in the organised sector in the world who don’t have an email address. As a result, updates, feedback and other items of notice take time to trickle down to the frontline staff leading to information gaps, poor training and a feeling of disengagement for the employee.

At the same time, insights from the ground do not flow back from the staff to line managers and beyond.

“Despite nearly three decades of email and thereafter a variety of communication tools for the desk workers, enterprise communication eludes the frontline staff.  With over 300 million such workers in India and over 2 billion globally, we believe that this is a massive opportunity and one that should naturally come from India,” said Alok Goyal, partner at Stellaris Venture Partners.

Goyal joins the board of the company following the transaction.