Udupi based mobile apps and games developments company Robosoft Technologies has raised Rs 22 Crore i.e. apprx. USD$ 372K in a first round of funding from Kalaari Capital formerly IndoUS Ventures.
Robosoft focuses on creating mobile applications, or apps as they are popularly known as, for clients. It also creates its own apps through 99Games and Global Delight.
View press release below:
Press Release
UDUPI, India, July 1, 2013
Robosoft, a leading developer of mobile apps and games, today announced that the company has received funding from Kalaari Capital (formerly IndoUS Venture Partners) to accelerate growth and fund expansion. The new investment validates Robosoft's rise as one of the premier mobile application developers. It also boosts the company’s vision to be the Partner of Choice to implement and enhance mobile experiences to leading brands and enterprises the world over.
Robosoft builds delightful mobile experiences and engaging applications for the iOS, Android, and Windows platforms. The business had traditionally focused on the US market but is now gaining traction in Europe, Middle East, and India too.
"Robosoft has established some great partnerships in the last few years in the mobile space. We've achieved this with our focus on customer delight, engineering excellence, and investment in our people," said Rohith Bhat, Founder and CEO, Robosoft. "The new investment from Kalaari will help us turbocharge our growth in new markets and industry segments, add new sales, design, engineering talent to our team, and help us move toward a full-service model.
Traditionally known for it’s engineering capabilities, Robosoft started specializing on mobile a few years ago, and has since then helped numerous clients successfully develop and refine their mobile experiences. In this process, Robosoft has developed 1000+ applications, with a cumulative download of 100M+ apps. Over a hundred of these applications have been predominantly featured on the US app store under the 'New & Noteworthy' section. Several of these have won international acclaim including BAFTA, MacWorld Best of Show, DEMO, App Store Best of 2012 and Apple Design Award.
Commenting on the investment, Kumar Shiralagi, MD at Kaalari Capital said, "Robosoft's wealth of engineering talent, their successful track record of building consumer facing products for some of the best brands in the world and their leadership position in the mobile services segment got us interested. Equally enticing were their initiatives in building global IP like ‘WordsWorth’, ‘Camera Plus Pro’, ‘Game your Video’, ‘Boom’, and the amount of traction they already had there. Their clear vision for the future got us interested and we are confident about their ability to execute on that potential."
When Apple announced App Store in 2007, Robosoft was one of the first off the blocks to build apps that went live on Day 1. The success and traction that Robosoft saw in this space convinced it to launch its own fully-owned App subsidiary called Global Delight and also launch its fully-owned gaming subsidiary called 99Games Online. While initially financed by Robosoft's services business, these subsidiaries have gained significant traction over the years. Part of the current funding would go into marketing some path-breaking apps and games from these subsidiaries over the next 12 months.
About Robosoft:
Robosoft is a multiple awards winning developer of mobile apps and games, committed to crafting innovative products around emotions that compare with the best from across the world. With over 400 people, 100 Million+ App Downloads, 1000+ Apps produced and a portfolio spanning 16 Years of Work in the digital and technology domain, Robosoft has the depth of experience to build the next great product and the scale to simultaneously handle multiple assignments. www.robosoftin.com
About Kalaari Capital:
Kalaari Capital Advisors, formerly known as Indo US Venture Partners, is an India focused venture capital fund that recently raised $150M. The Kalaari team brings decades of experience as entrepreneurs, investors and executives to add value to emerging companies. Team members at Kalaari Capital have advised investments in more than 35 companies since 2006. www.kalaari.com
Source: Robosoft Technologies Pvt. Ltd
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