Smart lock startup OpenApp raises $1.3 mn from Unicorn India Ventures and KARSEMVEN
11 Feb 2019 1:56 AM GMT
Smart lock maker Open Appliances has raised $1.3 million as part of its pre-Series A funding from Unicorn India Ventures and KARSEMVEN Fund. Existing investors ? Axilor Capital and Kumar Vembu, co-founder of Zoho have also participated in the round taking the total funding raised till date to almost $2 million. KARSEMVEN Fund is a Karnataka Govt backed VC fund. Funds raised will be utilized for sales and marketing ramp up along with R&D.
- Smart lock maker Open Appliances has raised $1.3 million as part of its pre-Series A funding from Unicorn India Ventures and KARSEMVEN Fund.
- Existing investors – Axilor Capital and Kumar Vembu, co-founder of Zoho have also participated in the round taking the total funding raised till date to almost $2 million.
- For centuries and even now, such industries have been using archaic method of safeguarding their assets.
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