3 days Ago
Mayank Bidawatka , who previously started the Indian microblogging platform Koo, has raised $4 million for his new consumer tech startup , Billion Hearts , in a funding round led by early-stage venture capital firm Blume Ventures . The round also saw participation from General Catalyst and Athera Venture Partners. This seed round is a follow-up of the $250,000 raised in September from founders and senior executives of RedBus, Ola, InMobi, Flipkart and Myntra among others.
Bidawatka told ET that the company plans to use the proceeds from the deal to build a global team and enhance its technology, emphasising that since it is focused on creating a tech-driven product, the team will remain small. It currently has a team of 11 members with plans to expand to 15 by early next year. “The idea is to create digital consumer products for users worldwide by addressing underserved needs and problems that we all face irrespective of age.
It’s a mobile app being developed for the global smartphone market,” he said. Started in August, the Bengaluru-based company is currently accepting sign-ups. The first product is slated to have its beta launch in early next year for a select few users initially.
The app will be available on both Android and iPhone devices. Web Development Advanced C++ Mastery: OOPs and Template Techniques By - Metla Sudha Sekhar, IT Specialist and Developer View Program Finance A2Z Of Money By - elearnmarkets, Financial Education by StockEdge View Program Data Science SQL Server Bootcamp 2024: Transform from Beginner to Pro By - Metla Sudha Sekhar, IT Specialist and Developer View Program Leadership Validating Your Startup Idea: Steps to Ensure Market Fit By - Dr. Anu Khanchandani, Startup Coach with more than 25 years of experience View Program Office Productivity Mastering Google Sheets: Unleash the Power of Excel and Advance Analysis By - Metla Sudha Sekhar, IT Specialist and Developer View Program Finance Tally Prime & GST Accounting: Complete Guide By - CA Raj K Agrawal, Chartered Accountant View Program Artificial Intelligence(AI) Master in Python Language Quickly Using the ChatGPT Open AI By - Metla Sudha Sekhar, IT Specialist and Developer View Program Data Science SQL for Data Science along with Data Analytics and Data Visualization By - Metla Sudha Sekhar, IT Specialist and Developer View Program Artificial Intelligence(AI) Java Programming with ChatGPT: Learn using Generative AI By - Metla Sudha Sekhar, IT Specialist and Developer View Program Finance A2Z Of Finance: Finance Beginner Course By - elearnmarkets, Financial Education by StockEdge View Program Artificial Intelligence(AI) ChatGPT Mastery from Zero to Hero: The Complete AI Course By - Metla Sudha Sekhar, IT Specialist and Developer View Program Marketing Digital Marketing Masterclass by Pam Moore By - Pam Moore, Digital Transformation and Social Media Expert View Program Web Development Intermediate C++ Skills: Master Pointers, Structures and File Stream By - Metla Sudha Sekhar, IT Specialist and Developer View Program Marketing Digital Marketing Masterclass by Neil Patel By - Neil Patel, Co-Founder and Author at Neil Patel Digital Digital Marketing Guru View Program Marketing Future of Marketing & Branding Masterclass By - Dr.
David Aaker, Professor Emeritus at the Haas School of Business, UC Berkeley, Author | Speaker | Thought Leader | Branding Consultant View Program Leadership Business Storytelling Masterclass By - Ameen Haque, Founder of Storywallahs View Program Artificial Intelligence(AI) AI for Everyone: Understanding and Applying the Basics on Artificial Intelligence By - Ritesh Vajariya, Generative AI Expert View Program Finance AI and Generative AI for Finance By - Hariom Tatsat, Vice President- Quantitative Analytics at Barclays View Program Marketing Digital marketing - Wordpress Website Development By - Shraddha Somani, Digital Marketing Trainer, Consultant, Strategiest and Subject Matter expert View Program Astrology Vastu Shastra Course By - Sachenkumar Rai, Vastu Shashtri View Program Web Development Django & PostgreSQL Mastery: Build Professional Web Applications By - Metla Sudha Sekhar, IT Specialist and Developer View Program Marketing Modern Marketing Masterclass by Seth Godin By - Seth Godin, Former dot com Business Executive and Best Selling Author View Program The product is designed to address an existing need with deep tech involved and has no Indian competitors, said Bidawatka. "The unit that this particular product will deal with is in trillions," he said without disclosing the specifics of the application. Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories "There are very few consumer tech companies being created at this time.
Most of the companies you see are business-to-business (B2B). Only a few serial entrepreneurs in the consumer tech space are also developing global products,” he added. Bidawatka’s previous startup, Koo, which was founded in 2020 along with Aprameya Radhakrishna, shut down this year after unsuccessful rounds of talks for a potential sale or merger with several companies, including Dailyhunt.
Commenting on the investment, Karthik Reddy, partner at Blume Ventures, said, “Billion Hearts aims to create digital products for a global user base. The first product is slated for a beta launch in a few months. While the product is still in stealth, it deals with a wide use case that’s relevant for all smartphone users around the world, across age groups.
” “We back audacious entrepreneurs building global products with positive and powerful impact. Mayank and the Billion Hearts team have insight and a distinctive approach toward building a solution that caters to a wide and unmet need of users globally,” said Neeraj Arora, managing director at General Catalyst..
