A homegrown cell software co-founded by a bunch of three raises funding after speedy progress within the final 4 months.
Kaagaz scanner, an Indian cell software for doc scanning and storage functions has raised $575,000 in a funding spherical led by Pravega Ventures, alongside Axilor Ventures, Higher capital and some angel traders together with Phanindra Sama (Founding father of Redbus), Farooq Adam (Founding father of Fynd) and others. Kaagaz was based in June 2020 by Snehanshu Gandhi, Gaurav Shrishrimal and Tamanjit Singh Bindra.
Kaagaz has, since its launch, been put in in over 1.9 million cell phones with over 90,000 folks utilizing the appliance day by day. The appliance helps 8 Indian languages and quickly rose after the ban on Chinese language purposes. With its deal with privateness, the appliance requires no sign-ins, can be utilized offline and likewise gives distinctive options reminiscent of customized watermarking. The appliance has additionally been acknowledged by the Authorities of India as a part of the AatmaNirbhar App Problem, the place it was given a particular point out within the workplace apps class.
Earlier, First Cheque and Axilor Ventures additionally backed the startup in its pre-seed spherical of funding.
An enormous due to all our supporters and customers, hold supporting us! pic.twitter.com/eqPe6AI21Y
— Kaagaz Scanner ( कागज़ स्कैनर ) (@KaagazS) November 28, 2020
Excited to announce our funding in @KaagazS
— Pravega Ventures (@PravegaVC) November 28, 2020
Talking on the funding to Yourstory, Lead investor Pravega Ventures said, “Right now, a smartphone is on the epicentre of most of our private and enterprise exchanges, and we at Pravega, are very excited to companion with the Kaagaz staff as they construct out highly effective AI-based utility merchandise for the ‘Bharat’ customers. The Kaagaz staff goals to leverage its proprietary mobile-based doc scanner and create a repository of paperwork in its quest to grow to be a key node within the alternate and storage of knowledge for his or her customers.”
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