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
Locked
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Phone
Locked
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Website
Locked
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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.
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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Venture capital firm investing in early-stage startups in technology sectors.
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Venture capital fund backed by government financial institutions focused on early and growth stage startups
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Investor details for Openapp
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Investments & Acquisitions by Openapp
Openapp has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Ikin and SectorQube.
Investment portfolio details for Openapp
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
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- Investment values
Verified entity values are shown only after access is granted.
| 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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Locked | Locked | 2022 | Locked | |
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Provides comprehensive services in application development and digital marketing.
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Locked | Locked | 2011 | Locked |
Complete acquisition details for Openapp
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Financial Statements - Openapp
Detailed financials for Openapp
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- Profit trends
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Openapp Comparisons
Peer comparison for Openapp
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Competitors of Openapp
Detailed competitors of Openapp
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Latest news on Openapp
Complete news archive for Openapp
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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.
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.