AppsDaily is one of the largest mobile app company in India and the largest retail channel for mobile apps in the world. They operate in 400+ cities, with more than 400 distributors and 10,000+ outlets – with more than 2500+ In store demonstrators. They have more than 2 million customers so far.
As per the latest information, Mobile app development and distribution company, AppsDaily Solutions Pvt. Ltd has raised $3.75 million worth of funds from existing investors and founders of the company which include Zodius Capital, Kalaari Capital, Qualcomm Ventures, Russian venture capital fund, Ru-Net, and Mumbai Angels.
The company had earlier raised funds in July, which was a bridge round. The fresh funds will be used to scale its growth plans.
Speaking on the occasion Arun Menon, who co-founded AppsDaily along with Ajay Menon in the year 2008, mentioned,
“We are very excited about the overall growth in the mobile protection and security market, which is driven by the strong surge in smartphone sales in the country, along with an increasing awareness among customers on mobile protection and security products. We believe India will be a huge market for mobile protection and security in 3-4 years.”
AppsDaily is is a mobile protection utility app that shields the user’s mobile phone against theft, damage, virus, and data loss.