Dublin, Ireland - Ireland-based micro angel investment company Caraun Capital has acquired an undisclosed amount of shares in Task Mantra Pvt Ltd, India's pioneering digital women empowerment platform startup. Task Mantra Pvt Ltd is already empowering over 20,000 women across India. This acquisition signifies a major leap in fostering digital and economic opportunities for women.
In a formal ceremony, Mr. Jomon Francis, Director of Marketing for Task Mantra Pvt Ltd, and Sony Thomas, Global Representative for Caraun Capital, signed a Memorandum of Understanding (MoU). The agreement includes ongoing funding support from Caraun Capital to Task Mantra Pvt Ltd, enabling the company to expand digitally and develop an innovative PAN Indian e-commerce app exclusively for women.
Task Mantra Pvt Ltd plans to leverage this investment to enhance its digital infrastructure and create new opportunities for women entrepreneurs across India. One of the key initiatives includes developing an AI-based skill management platform. This platform will empower women by matching them with work opportunities tailored to their skill sets, thereby fostering economic independence and professional growth. Additionally, Task Mantra is working on a neighborhood-based e-commerce platform, aiming to facilitate local trade and support women-led businesses within communities.
Mr. Jomon Francis expressed his enthusiasm about the partnership, stating, "This collaboration with Caraun Capital will significantly accelerate our mission to empower women digitally and economically across India. Our new AI-based skill management platform will revolutionize how women find work and develop their careers, while our neighborhood e-commerce platform will strengthen community ties and boost local economies."
Sony Thomas added, "Caraun Capital is committed to supporting innovative ventures that drive social change. We are excited about the potential impact of our investment in Task Mantra Pvt Ltd. Their dedication to women’s empowerment aligns perfectly with our mission to foster inclusive growth and sustainable development."
This strategic partnership marks a milestone in the journey of Task Mantra Pvt Ltd, as it aims to scale its operations and expand its reach. By focusing on digital empowerment, skill development, and community-based commerce, Task Mantra is poised to create a significant impact on the lives of women across India.
As Task Mantra Pvt Ltd continues to grow, the support from Caraun Capital will be instrumental in driving their vision forward. Together, they aspire to build a more inclusive and empowered digital economy, where women can thrive and contribute meaningfully to their communities and beyond.
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Company Name: Caraun Capital
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Country: Ireland
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