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. 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
- Stage Minicorn
- SectorsIndustrial Goods & ManufacturingTechnology
- Email••••••••
- Phone•••• ••••
- Website openapp.com
- Social LinkedIn X Facebook
- Legal Name Open Appliances Private Limited
- Date of Incorporation 30 Nov, 2015
- Jurisdiction Bengaluru, Karnataka, India
- Annual Revenue₹2.76 Cr
FY 2021 · +81% YoY
- Net Loss-₹3.37 Cr
FY 2021 · -122% margin
- EBITDA-₹3.07 Cr
FY 2021 · -111% margin
- Total Equity Funding$2.4M (USD)
in 4 rounds
- Latest Funding Round$500K (USD), Seed
Jul 2020
- InvestorsUnicorn India Ventures
& 8 more
- Employee Count23
- Investments & AcquisitionsIkin
& 1 more
Associated legal entities of Openapp
Openapp operates through Open Appliances Private Limited (under process of striking off). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2021) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Open Appliances Private Limited CIN U72200KA2015PTC084422 | Under Process Of Striking Off | 30 Nov 2015 | Bengaluru, Karnataka | ₹2.8 Cr | 23 | 2 | View details |
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 $2.4M
- Total Rounds 4
- Last Round Seed — $500,000
- First Round $550,000
(Sep 2017)
- Investors Count 9
All 4 funding rounds of Openapp 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 |
|---|---|---|---|---|---|
| Jul 2020 | $500,000 | Seed | – | Unicorn India Ventures | – |
| Feb 2019 | $1.3M | Seed | – | Unicorn India Ventures, KITVEN | |
| Dec 2018 | $48,745 | Seed | $2.81M | Kairos | – |
| Sep 2017 | $550,000 | Seed | $2.81M | Axilor Ventures, Gofrugal |
| Date | Valuation | Stage |
|---|---|---|
| Dec 2018 | $2.81M | •••••••• |
| Sep 2017 | $2.81M | •••••••• |
Last known valuation $2.81M (Dec 2018). 9 investors in total: 6 institutional and 3 angel.
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 |
|---|---|---|---|---|
Venture capital firm offering seed funding and support to startups in technology and innovation sectors. | 2014 | unicornivc.com | Mumbai, India | |
Venture capital firm investing in early-stage startups in technology sectors. | 2014 | axilor.com | Bengaluru, India | |
Venture capital fund backed by government financial institutions focused on early and growth stage startups | 1999 | kitven.in | Bengaluru, India | |
Healthcare funding solutions are provided by Kairos for industry needs. | – | kairoshq.com | New York, United States | |
Private investment arm of Kris Gopalakrishnan Family Office. | 2014 | pratithi.com | Bengaluru, India | |
Offers ERP solutions for retail, restaurant, and distribution operations. | 2004 | gofrugal.com | Chennai, India | |
KV Kumar Vembu | Co-founder of Zoho Corporation, active angel investor in Indian startups | – | unknown_6968c64de2dd4a399 | - |
SB Srinath Batni | Co-founder of Axilor Ventures, ex-Infosys Board Member, active angel investor | – | unknown_697863e7cd41446ab | - |
KG Kris Gopalakrishnan | Co-founder of Infosys, prominent angel investor, and tech philanthropist | – | unknown_4fc20148ba4441c6a | - |
Investor details for Openapp
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 Open Appliances Private Limited (Openapp)
Open Appliances Private Limited is the primary company behind Openapp. The board of Open Appliances Private Limited currently have 2 directors; the longest-serving is Gotama Gowda Gowda Nanjunde, appointed in 2016. 11 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Gotama Gowda Gowda Nanjunde DIN 06744403 | Director | 20 Oct 2016 | 9 yrs 11 mo | Open Appliances Private Limited |
| Ayesha Husna DIN 08908912 | Additional Director | 01 Nov 2022 | 3 yrs 11 mo | Open Appliances Private Limited |
Financials of Openapp
Figures of Open Appliances Private Limited, the primary company behind Openapp, for FY 2021. Revenue was ₹2.76 Cr (+81% year on year). Net loss was -₹3.37 Cr (-122% margin). EBITDA was -₹3.07 Cr (-111% margin). Revenue has grown at a compounded annual rate of -20% over three years.
- ₹2.76 CrRevenue · FY 2021 · +81% YoY
- -₹3.37 CrNet loss · -122% margin
- -₹3.07 CrEBITDA · -111% margin
- ₹98.8 LakhPaid-up capital
- 23Employees (provident fund records)
- -20%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Open Appliances Private Limited are on its company page.
Detailed financial statements for Openapp
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.
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 | Acquired | Amount |
|---|---|---|---|---|---|---|
Provides comprehensive services in application development and digital marketing. | sectorqube.com | Kochi, India | 2011 | May 2022 | $2.33M | |
Manufacturer of smart locks and access control technology for businesses | ikinglobal.com | Kochi, India | 2022 | Mar 2022 | •••• |
Complete acquisition details for Openapp
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
Verified entity values are shown only after access is granted.
Timeline of Openapp
6 dated milestones of Openapp across 7 years, from founding to its latest funding, stage changes and deals.
- Founded Openapp is founded.
- Funding First funding round of $550K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed, of $500K.
- Acquisition Acquires Ikin.
- Acquisition Acquires SectorQube.
Similar companies to Openapp
10 companies that operate in the same segment as Openapp (Physical Security & Surveillance), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud-based business telephony and home security services are provided. | 2004 | Palo Alto, California, United States | USD 87.97 M | USD 273.6 M | 1,190 | |
AI-powered cloud-based vehicle tracking solutions are offered for fleet owners. | 2015 | San Francisco, California, United States | USD 915 M | USD 1.62 B | 3,500 | |
Cloud-based smart security cameras are manufactured for home use. | 1999 | Provo, Utah, United States | USD 172 M | USD 341.04 M | 11,275 | |
Family and friends are connected through location-sharing mobile app. | 2008 | San Francisco, California, United States | USD 89.74 M | USD 489.48 M | 569 | |
Wireless home security systems are offered with cellular monitoring. | 2006 | Boston, Massachusetts, United States | USD 387 M | – | – | |
Enterprise video surveillance systems and platforms are developed. | 2016 | San Mateo, California, United States | USD 656.64 M | – | – | |
Wireless smart home security cameras and doorbells are provided. | 2009 | Boston, Massachusetts, United States | USD 40.07 M | – | – | |
Locations are identified and shared via unique three-word addresses. | 2013 | London, England, United Kingdom | USD 231.46 M | – | – | |
Provider of smart thermostats for commercial and residential applications | 2007 | Toronto, Ontario, Canada | USD 151.52 M | – | – | |
A personal safety network is provided for community protection. | 2017 | New York, New York, United States | USD 143.72 M | – | – |
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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. The company's 1st funding round was a Seed of $550K, raised on Sep 2017.
Openapp has 23 employees.
The primary company behind Openapp, Open Appliances Private Limited, reported revenue of ₹2.76 Cr for FY 2021, up 81% year on year.
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.
Openapp operates through Open Appliances Private Limited.
The legal entities of Openapp currently have 2 directors, including Ayesha Husna, Gotama Gowda Gowda Nanjunde.