# Mobstac

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/mobstac

- Industry: Internet
- Headquarters: Bangalore, India
- Website: www.mobstac.com
- Total disclosed funding: $28M
- Latest round: Series A (Jan 17, 2023)
- Investors on record: 4

## About

Mobstac is a technology company specializing in QR code solutions that facilitate user engagement and marketing strategies through interactive and customizable QR codes across multiple platforms.Founded in 2009 in Bangalore, India, Mobstac enables businesses to create and manage QR codes effectively. The company has successfully completed 7 deals, with its latest Series A funding round in January 2023 raising USD 25 mn, led by Telescope Partners, with participation from Accel. The CEO, Sharat Potharaju, co-founded the company with Ravi Maddimsetty, who has a background in technology entrepreneurship.Mobstac provides a comprehensive platform for QR code generation, allowing users to create, customize, and track QR codes easily. Their offerings include a free QR code generator and dynamic QR codes, catering to diverse clients such as small businesses and corporations, focused on enhancing customer interaction through branding and marketing strategies.In 2023, Mobstac reported a revenue of USD 2,525,544.50, with an EBITDA amounting to USD -112,682.10, reflecting their current operational performance.Following the USD 25 mn Series A funding in January 2023, Mobstac plans to enhance its platform, invest in manpower, and improve customer experience. The company aims to expand its services into new geographical markets, targeting regions across North America and Europe by 2024. These initiatives are designed to support their growth strategy and capitalize on the increasing demand for QR code solutions.

## Funding rounds

- Series A, Jan 17, 2023, $25M — Accel, Telescope Partners
- Series B, May 28, 2019, $0.4M — Accel
- Series B, Jan 7, 2014, $2M — Accel, Cisco Systems, Inc.
- Series A, Aug 7, 2012, $0.6M — Accel
- Series A, Sep 21, 2011, $0.3M — Accel, Mumbai Angels

## Investors

- Accel (https://capitalatlas.ai/funds/accel) — Series A, Series B
- Mumbai Angels (https://capitalatlas.ai/funds/mumbai-angels) — Series A
- Cisco Systems, Inc. — Series B
- Telescope Partners (https://capitalatlas.ai/funds/telescope-partners) — Series A