Exclusive: SaaS-based firm Applop raises bridge round from GHV Accelerator
Summary
Ltd, a software-as-a-service provider that enables users to make their own mobile app, has raised a bridge round of funding from existing investor Green House Ventures Accelerator, co-founder Rahul Singhal told TechCircle. The startup will use the fresh capital for technology development and expanding operations to Southeast Asia. Rajat Tondon, senior director at NASSCOM 10,000 Startups, said Applop will benefit from the growing need for mobile apps owing to better smartphones and Internet penetration. In February, it had invested $100,000 each in personal stylist app IStyleYou and ad network AdUrCup. It has previously invested in car rental platform My Taxi India, food-tech startup Foodport, online laundry services provider PickMyLaundry and FitMeIn, an online platform that provides access to multiple fitness studios for a monthly membership fee.
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