Smart Locks making Startup OpenApp Raises $1.3 Mn from Karnataka Govt's VC Fund and Unicorn Ventures
11 Feb 2019 12:57 AM GMT
Bangalore-based Open Appliances Private Limited (OpenApp), an IoT-based startup that designs, develops and sells revolutionary smart locks, has raised at least $1.3 million (Rs 8.5 crore) in pre-Series A funding from Unicorn India Ventures and the Karnataka government?s venture capital fund KARSEMVEN, VCCircle
- Bangalore-based Open Appliances Private Limited (OpenApp), an IoT-based startup that designs, develops and sells revolutionary smart locks, has raised at least $1.3 million (Rs 8.5 crore) in pre-Series A funding from Unicorn India Ventures and the Karnataka government’s venture capital fund KARSEMVEN, VCCircle reported .
- OpenApp’s existing investors imcluding Axilor Ventures and SaaS firm
- Founded in 2015, OpenApp’s smart lock solution serves as a Wi-Fi access point, emitting its own signal, which enables a smartphone in a remote location to connect to its network and then operate it.
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