August 16, 2026 02:30 am (IST)
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AppsDaily raises Rs. 1 billion from Zodius Technology Fund, other investors
Kolkata, Apr 1 (IBNS): AppsDaily Solutions Private Limited, India's leading Mobile application development and Distribution Company has raised INR 1 Billion in a Series C round of funding from Zodius Technology, Ru-Net Ltd, Indo US Venture Partners (IUVP), and Qualcomm Ventures.
This round was led by Zodius Technology Fund. Mumbai Angel investors have partially exited with multi-bagger returns in this round.
AppsDaily, a Digital Company was founded by Arun Menon and Ajay Menon in 2009. AppsDaily has set-up a first-of-its-kindIndia-wide retail distribution network to sell Mobile Apps and Services to smart phone customers.
AppsDaily has more than 3 million satisfied and paid customers through its 7000 strong retail distribution network that is spread across 700 cities selling its products.
AppsDaily’s current products include Mobile Anti-Virus, Mobile Insurance, Backup Solutions, Mobile Privacy, SOS, various Mobile Utilities, mobilegames etc. Based on its huge success with its current bundle of Mobile Apps the Company is gearing up to launch Apps in the Education and Healthcare segments.
The company has grown 10x in revenues in the last two years with current year net revenues expected to cross INR 1.3 Billion.
Gautam Patel of Zodius Technology Fund has joined the Company’s Board of Directors. The other investor directors on the Board are Vani Kola from IndoUs Venture Partners, Galina Chifina from Ru-Net and Rajiv Dadlani from the Mumbai Angels, as well as VarshaTagare from Qualcomm Ventures who serves as an observer on the Board.
Gautam Patel, Managing Director, Zodius, said, “We are excited to invest in AppsDaily and back Arun, Ajay and the team. The Company is in a market defining position providing mobile applications to the fast growing India-wide smart phone customer. They provide a very important bridge to the Indian digital consumer who wants access to best in class services but is still grappling with bandwidth availability and cost issues."
The investment funds will be primarily used to expand the company’s product offering, launch its digital platform, further expand its retail distribution reach and make some key hires to further strengthen its management team.
AppsDaily is one of the only companies in India which is combining the latesttechnologies and Apps of the digital Internet with existing last-mile retail & distribution sales reach. AppsDailywill launch a first of its kind hybrid App platform targeted at the Indiansmart phone customer who is shifting online but requires handholding, is currently paying in cash and demands the physical touch point customer experience.
Arun Menon, Founder & CEO AppsDaily said “We are very excited to have Zodius on board and look forward to leveraging their extensive operating and investing experience. This funding allows us to go forward in executing our plans, to become the largest mobile apps and digital platform in the country. The digital journey of the country has just begun and with more than billion users still to buy a smartphone we are with our unique retail reach looking to become the digital gateway for Indian consumer."
Ajay Menon, Founder, AppsDaily said “We have already created the category of Mobile Protection in the country and we will be using this funding to further our momentum in this space. We also want to extend our reach to 2,000 cities in the next 1 year and are also looking at investing in makingAppsDailythe preferred choice for every Indian consumer who uses the smart phone as his first and only screen for communication, entertainment, travel, healthcare, and education.”
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