# AppsDaily Solutions Pvt.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/appsdaily-solutions-pvt

- Industry: Software
- Headquarters: Mumbai, India
- Website: www.onwardmobility.com
- Total disclosed funding: $29M
- Latest round: Series D (Oct 4, 2016)
- Investors on record: 6

## About

AppsDaily Solutions Pvt. Ltd. is a technology company specializing in secure mobile communication solutions, focusing on advanced cybersecurity to protect sensitive data for businesses and government agencies.Founded in 2008 in Mumbai, India, AppsDaily Solutions Pvt. Ltd. develops secure mobile communication devices. The company's latest funding round, Series D, occurred in October 2016, raising USD 3.75 mn from investors including Kalaari Capital and Qualcomm Ventures. The company has successfully completed 8 deals since inception.Onward Mobility specializes in developing secure mobile communication solutions, primarily focusing on integrating advanced cybersecurity features into their devices. Their flagship product is a highly secure smartphone designed for businesses and government agencies that prioritize data protection and privacy. This smartphone incorporates robust operating systems and unique encryption technologies to safeguard sensitive information, addressing the growing concerns around cybersecurity in both personal and enterprise environments. The company targets industries such as finance, healthcare, and government, providing solutions that allow users to conduct secure communications and transactions. Their products are marketed not just in North America, but also in Europe and other regions where data privacy regulations are stringent, ensuring compliance with local legal frameworks.Onward Mobility’s revenue model is structured around direct sales of their secure smartphones and related services, targeting both enterprise clients and government contracts. In 2016, the company reported revenue of USD 11,380,444.30 and an EBITDA of USD -12,127,368. Transactions typically occur through direct-to-consumer sales channels and established partnerships with specialized retailers in the technology sector. The company collaborates with cybersecurity firms to offer value-added services, enhancing the overall user experience and security features of its devices. While specific pricing plans for their products are not disclosed, the premium nature of their offerings suggests a pricing strategy that reflects the high level of security and technological innovation embedded in their devices. This dual approach of direct sales and strategic partnerships positions Onward Mobility to effectively capture revenue from diverse customer segments, thereby solidifying its presence in the cybersecurity mobile device market.In October 2016, AppsDaily Solutions Pvt. Ltd. secured USD 3.75 mn in Series D funding, led by returning investor Kalaari Capital. The company plans to utilize these funds to enhance product development, focusing on new secure smartphone models designed to meet the evolving needs of their enterprise and government clientele. Additionally, there are ambitions to expand into new markets in Europe and Asia by the end of 2020, capitalizing on increasing demand for cybersecurity solutions.

## Funding rounds

- Series D, Oct 4, 2016, $3.8M — Kalaari Capital, Qualcomm Ventures, Mumbai Angels, RTP Global, Zodius Capital, Ambrosia Investments
- Series D, Apr 22, 2016, $2.1M — Kalaari Capital, Qualcomm Ventures, RTP Global, Zodius Capital
- Series C, Feb 13, 2015, $13M — Kalaari Capital, Qualcomm Ventures, RTP Global, Zodius Capital
- Series C, Oct 4, 2013, $5.1M — Kalaari Capital, Qualcomm Ventures, RTP Global
- Series B, Jul 5, 2011, $4M — Kalaari Capital, Qualcomm Ventures
- Seed, Feb 22, 2011, $0.5M — Mumbai Angels
- Seed, Sep 7, 2010, $0.6M — Mumbai Angels

## Investors

- Mumbai Angels (https://capitalatlas.ai/funds/mumbai-angels) — Seed, Series D
- Kalaari Capital (https://capitalatlas.ai/funds/kalaari-capital) — Series B, Series C, Series D
- Qualcomm Ventures (https://capitalatlas.ai/funds/qualcomm-ventures) — Series B, Series C, Series D
- RTP Global (https://capitalatlas.ai/funds/rtp-global) — Series C, Series D
- Zodius Capital (https://capitalatlas.ai/funds/zodius-capital) — Series C, Series D
- Ambrosia Investments (https://capitalatlas.ai/funds/ambrosia-investments) — Series D