About Openapp
Openapp is a company based in Bengaluru (India) founded in 2015. Openapp has raised $2.4 million across 4 funding rounds from investors including Unicorn India Ventures, Axilor Ventures and GoFrugal Technologies. The company has 23 employees as of March 31, 2024. Openapp has completed 2 acquisitions, including Ikin and SectorQube. Openapp offers products and services including Domain Sales and Inquiry Processing.
- Headquarter Bengaluru, India
- Employees 23 as on 31 Mar, 2024
- Stage Minicorn
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Sectors
Industrial Goods & ManufacturingTechnology
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Email
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Phone
*********
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Website
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Social
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- Legal Name Open Appliances Private Limited
- Date of Incorporation 30 Nov, 2015
- Jurisdiction Bengaluru, Karnataka, India
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Annual Revenue
$208.7 K (USD)171.78as on Mar 31, 2020
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Net Profit
-$418.82 K (USD)-4.85as on Mar 31, 2020
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EBITDA
-$430.66 K (USD)-27.65as on Mar 31, 2020
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Total Equity Funding
$2.4 M (USD)
in 4 rounds
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Latest Funding Round
$500 K (USD), Seed
Jul 13, 2020
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Investors
Unicorn India Ventures
& 8 more
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Employee Count
23
as on Mar 31, 2024
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Investments & Acquisitions
Ikin
& 1 more
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Products & Services of Openapp
Openapp offers a comprehensive portfolio of products and services, including Domain Sales and Inquiry Processing.
The sale of domain names is facilitated through online inquiries
Inquiries for domain purchases are handled to connect users with owners
Funding Insights of Openapp
Openapp has successfully raised a total of $2.4M across 4 strategic funding rounds. The most recent funding activity was a Seed round of $500 thousand completed in July 2020. 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 Total Funding
- Total Rounds 4
- Last Round Seed — $500,000
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First Round
First Round
(06 Sep 2017)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2020 | Amount | Seed - Openapp | Valuation | Unicorn India Ventures |
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| Feb, 2019 | Amount | Seed - Openapp | Valuation | Unicorn India Ventures , KITVEN | |
| Dec, 2018 | Amount | Seed - Openapp | Valuation | Kairos |
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Investors in Openapp
Openapp has secured backing from 9 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Unicorn India Ventures, Axilor Ventures and GoFrugal Technologies.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital firm offering seed funding and support to startups in technology and innovation sectors.
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Founded Year | Domain | Location | |
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Venture capital firm investing in early-stage startups in technology sectors.
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Founded Year | Domain | Location | |
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Venture capital fund backed by government financial institutions focused on early and growth stage startups
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Founded Year | Domain | Location |
Investments & Acquisitions by Openapp
Openapp has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Ikin and SectorQube.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Manufacturer of smart locks and access control technology for businesses
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2022 | ||||
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Provides comprehensive services in application development and digital marketing.
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2011 |
Financial Statements - Openapp
Openapp Comparisons
Competitors of Openapp
Latest news on Openapp
Frequently Asked Questions about Openapp
Openapp was founded in 2015 and raised its 1st funding round 2 years after it was founded.
Openapp is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Openapp is a funded company, having raised a total of $2.4M across 4 funding rounds to date. The company's 1st funding round was a Seed of $48.75K, raised on Sep 06, 2017.
As of Mar 31, 2024, the latest employee count at Openapp is 23.
Annual revenue of Openapp is $208.7K as on Mar 31, 2020.
Openapp was established in 2015 in Bengaluru, India, within the security technology sector. Smart door locking systems are produced, incorporating fingerprint recognition, mechanical keys, and access cards. Padlocks equipped with fingerprint sensor detection are also manufactured, alongside supporting accessories. Operations center on hardware development for residential and commercial access control.
Openapp offers Domain Sales and Inquiry Processing.
Openapp has made 2 acquisitions, including Ikin, and SectorQube.
Openapp has 9 investors. Key investors include Unicorn India Ventures, Axilor Ventures, GoFrugal Technologies, KITVEN, and Pratithi Investments.
The valuation of Openapp is $2.81M as of Dec 2018.