About AppsDaily
AppsDaily is a Technology company based in Mumbai (India) founded in 2008. Mobile apps are distributed offline through retail stores in India. AppsDaily has raised $30.37 million across 6 funding rounds from investors including ACG Group, Zodius and Qualcomm Ventures. AppsDaily was last valued at $112.01 million in February 2015. Its Indian entity Appsdaily Solutions Private Limited reported revenue of ₹77.41 Cr. Its focus areas include Consumer, Mobile App Distribution, Distribution platforms and Alternate App Stores.
Company details
Apps Daily (earlier Onward Mobility) sells mobile apps through offline retail outlets in India. It creates its own apps as well as acts as distributor for other app developers. Distributes apps through a retail network of 7K mobile stores across 700 cities to new smartphone users. It has stationed its own employees in 3K outlets to sell its security products. Already sold 1.5M apps and has 3M customers. Raised Series C round of funding led by Zodius Capital which also saw the partial exit of Mumbai Angels. In Oc 2016, secured Rs25 crore (3.75 million) from founders and existing investors. Claims to have 2M customers, and operate in more than 700 cities with more than 400 distributors and 10,000 outlets. Company board includes Vani Kola of Kalaari Capital, Gautam Patel of Zodius Capital, Galina Chifina of Ru-net and Rajiv Dadlani, founder and chief executive of Consort Capital Services.
- Headquarters Mumbai, India
- Stage Minicorn
- SectorsTechnology
- Website appsdaily.in
- Social LinkedIn X Facebook
- Legal Name Appsdaily Solutions Private Limited
- Date of Incorporation 31 Oct, 2008
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹77.41 Cr
FY 2016 · -22% YoY
- Net Loss-₹82.25 Cr
FY 2016 · -106% margin
- EBITDA-₹76.66 Cr
FY 2016 · -99% margin
- Total Equity Funding$30.37M (USD)
in 6 rounds
- Latest Funding Round$3.75M (USD), Series C
Oct 2016
- InvestorsACG Group
& 41 more
Associated legal entities of AppsDaily
AppsDaily operates through Appsdaily Solutions Private Limited (dissolved under section 54). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2016) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Appsdaily Solutions Private Limited CIN U64200MH2008PTC187859 | Dissolved Under Section 54 | 31 Oct 2008 | Mumbai, Maharashtra | ₹77.4 Cr | 334 | 2 | View details |
Funding Insights of AppsDaily
AppsDaily has successfully raised a total of $30.37M across 6 strategic funding rounds. The most recent funding activity was a Series C round of $3.75 million completed in October 2016. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $30.37M
- Total Rounds 6
- Last Round Series C — $3.75M
- First Round $476,424
(Jul 2009)
- Investors Count 42
All 6 funding rounds of AppsDaily with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct 2016 | $3.75M | Series C | – | Zodius, RTP Global | |
| Feb 2015 | $16M | Series C | $112.01M | Zodius | |
| Oct 2013 | $5.1M | Series B | $24.01M | RTP Global, ru-Net | |
| Jul 2011 | $4M | Series A | $••••• | Kalaari Capital | |
| Sep 2010 | $1.04M | Seed | $••••• | ACG Group, Ambrosia Infotech | |
| Jul 2009 | $476,424 | Seed | $••••• | BS Technologies | – |
| Date | Valuation | Stage |
|---|---|---|
| Feb 2015 | $112.01M | •••••••• |
| Oct 2013 | $24.01M | •••••••• |
| Jul 2011 | $••••• | •••••••• |
| Sep 2010 | $••••• | •••••••• |
| Jul 2009 | $••••• | •••••••• |
Full valuation and stage history of AppsDaily
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
- Stage changes
- Dates
- Exports
Verified entity values are shown only after access is granted.
Last known valuation $112.01M (Feb 2015). 42 investors in total: 12 institutional and 30 angel.
Investors in AppsDaily
AppsDaily has secured backing from 42 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include ACG Group, Zodius and Qualcomm Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
VC firm investing in India | 2011 | zodius.com | Mumbai, India | |
Investments in early-stage technology companies are made by Kalaari Capital. | kalaari.com | Bengaluru, India | ||
Venture capital investing in technology sectors such as AI and automotive. | 2000 | qualcommventures.com | San Diego, United States | |
Venture capital firm focused on early-stage technology companies | 2011 | rtp.vc | New York, United States | |
Seed and early-stage investments are made across sectors in India. | blume.vc | Mumbai, India | ||
Specializes in application development for custom software solutions. | ambrosiainfotech.com | Mumbai, India | ||
Manufacturer & supplier of solid dosage products, pharmaceutical machinery and equipment, and packaging solutions | 1961 | acg-world.com | Mumbai, India | |
Dimensional Securities is engaged in providing brokerage and financial services. | 1994 | dimensionalsecurities.in | Mumbai, India | |
| intercontl.com | ||||
Offers fundraising services for progressive organizations and candidates through donor campaigns. | 1988 | telefund.com | Chicago, United States |
Investor details for AppsDaily
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Appsdaily Solutions Private Limited (AppsDaily)
Appsdaily Solutions Private Limited is the primary company behind AppsDaily. The board of Appsdaily Solutions Private Limited currently have 2 directors; the longest-serving is Ajay Kumar Menon, appointed in 2008. 12 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Ajay Kumar Menon DIN 00409729 | Director | 06 Nov 2008 | 18 yrs | Appsdaily Solutions Private Limited |
| Arun Kumar Menon DIN 00409924 | Director | 31 Mar 2009 | 17 yrs 7 mo | Appsdaily Solutions Private Limited |
Financials of AppsDaily
Figures of Appsdaily Solutions Private Limited, the primary company behind AppsDaily, for FY 2016. Revenue was ₹77.41 Cr (-22% year on year). Net loss was -₹82.25 Cr (-106% margin). EBITDA was -₹76.66 Cr (-99% margin).
- ₹77.41 CrRevenue · FY 2016 · -22% YoY
- -₹82.25 CrNet loss · -106% margin
- -₹76.66 CrEBITDA · -99% margin
- ₹6.69 CrPaid-up capital
- 334Employees (provident fund records)
Balance sheet, profit and loss, cash flow and ratios of Appsdaily Solutions Private Limited are on its company page.
Detailed financial statements for AppsDaily
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of AppsDaily
4 dated milestones of AppsDaily across 8 years, from founding to its latest funding, stage changes and deals.
- Founded AppsDaily is founded.
- Funding First funding round of $476K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series C, of $3.8M.
Top companies in Mobile Application Ecosystem
2 companies that operate in the same segment as AppsDaily (Mobile Application Ecosystem) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Delivers a comprehensive super-app for multi-category products and services. | 2019 | Mumbai, Maharashtra, India | ||||
Mobile apps are traded via an AI-powered bidding marketplace. | 2017 | Delhi, Delhi, India | USD 4 M | USD 1.38 M |
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Related news about Appsdaily
Complete news archive for AppsDaily
Full article history, source details, and older brand coverage require an active premium plan.
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- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about AppsDaily
AppsDaily was founded in 2008 and raised its 1st funding round 1 year after it was founded.
AppsDaily is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
AppsDaily is a funded company, having raised a total of $30.37M across 6 funding rounds to date. The company's 1st funding round was a Seed of $476.42K, raised on Jul 2009.
The primary company behind AppsDaily, Appsdaily Solutions Private Limited, reported revenue of ₹77.41 Cr for FY 2016, down 22% year on year.
Apps Daily (earlier Onward Mobility) sells mobile apps through offline retail outlets in India. It creates its own apps as well as acts as distributor for other app developers. Distributes apps through a retail network of 7K mobile stores across 700 cities to new smartphone users. It has stationed its own employees in 3K outlets to sell its security products. Already sold 1.5M apps and has 3M customers. Raised Series C round of funding led by Zodius Capital which also saw the partial exit of Mumbai Angels. In Oc 2016, secured Rs25 crore (3.75 million) from founders and existing investors. Claims to have 2M customers, and operate in more than 700 cities with more than 400 distributors and 10,000 outlets. Company board includes Vani Kola of Kalaari Capital, Gautam Patel of Zodius Capital, Galina Chifina of Ru-net and Rajiv Dadlani, founder and chief executive of Consort Capital Services.
AppsDaily has 42 investors. Key investors include ACG Group, Zodius, Qualcomm Ventures, RTP Global, and Ambrosia Infotech.
The valuation of AppsDaily is $112.01M as of Feb 2015.
AppsDaily operates through Appsdaily Solutions Private Limited.
The legal entities of AppsDaily currently have 2 directors, including Ajay Kumar Menon, Arun Kumar Menon.