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 company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| 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 |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI 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. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Manufacturer of smart locks and access control technology for businesses
|
2022 | ||||
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Provides comprehensive services in application development and digital marketing.
|
2011 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - Openapp
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Openapp Comparisons
Competitors of Openapp
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Openapp
When was Openapp founded?
Openapp was founded in 2015 and raised its 1st funding round 2 years after it was founded.
Where is Openapp located?
Openapp is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Is Openapp a funded company?
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.
How many employees does Openapp have?
As of Mar 31, 2024, the latest employee count at Openapp is 23.
What is the annual revenue of Openapp?
Annual revenue of Openapp is $208.7K as on Mar 31, 2020.
What does Openapp do?
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.
What products or services does Openapp offer?
Openapp offers Domain Sales and Inquiry Processing.
How many acquisitions has Openapp made?
Openapp has made 2 acquisitions, including Ikin, and SectorQube.
Who are Openapp's investors?
Openapp has 9 investors. Key investors include Unicorn India Ventures, Axilor Ventures, GoFrugal Technologies, KITVEN, and Pratithi Investments.
What is Openapp's valuation?
The valuation of Openapp is $2.81M as of Dec 2018.