# Open Appliances Pvt.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/open-appliances-pvt

- Industry: Software
- Headquarters: Bangalore, India
- Website: www.openapp.co
- Total disclosed funding: $1.9M
- Latest round: Seed (Feb 10, 2019)
- Investors on record: 5

## About

Open Appliances Pvt. Ltd., based in Karnataka, India, provides innovative digital solutions to enhance online presence and streamline business operations for various clients, focusing on small to medium-sized enterprises and entrepreneurs.Founded in 2015 in Bangalore, India, Open Appliances Pvt. Ltd. specializes in digital solutions to boost online visibility. The firm has made three investment deals, with its most recent funding in July 2020, raising USD 0.5 mn in a pre-Series A round led by Unicorn India Ventures, along with GOFRUGAL Technologies Pvt Ltd and Karnataka Asset Management Company. The company was founded by Gotama Gowda, who has extensive experience in the tech industry.Open Appliances Pvt. Ltd. offers a comprehensive suite of digital solutions aimed at enhancing online presence, including web hosting services, domain registration, and website building tools. These services cater to small to medium-sized enterprises and individual entrepreneurs, focusing on user-friendly solutions to create a strong digital footprint. The company serves a diverse client base across North America, Europe, and Asia-Pacific, addressing common business challenges in establishing and maintaining effective online platforms.In its most recent fiscal year 2021, Open Appliances Pvt. Ltd. reported revenue of USD 362,902.30, while facing an EBITDA of USD -413,481.50. The firm's revenue model primarily revolves around subscription-based services, allowing clients to select from a range of packages tailored to their needs, from basic to advanced offerings.Open Appliances Pvt. Ltd. is focused on launching new products and expanding its market reach. The company is exploring new digital services set to be released in late 2021, aimed at enhancing security features and technical support for clients. Additionally, Open Appliances plans to enter markets in Southeast Asia and the Middle East by the end of 2022. The recent funding round of USD 0.5 mn will support these initiatives by allocating resources for product development and marketing efforts to reach new regions.

## Funding rounds

- Seed, Feb 10, 2019, $1.3M — Karnataka Asset Management Company, Unicorn India Ventures, Axilor Ventures, GOFRUGAL Technologies Pvt Ltd
- Seed, Sep 6, 2017, $0.6M — Axilor Ventures, Pratithi Investment Trust, GOFRUGAL Technologies Pvt Ltd

## Investors

- Axilor Ventures (https://capitalatlas.ai/funds/axilor-ventures) — Seed
- Pratithi Investment Trust — Seed
- GOFRUGAL Technologies Pvt Ltd — Seed
- Karnataka Asset Management Company (https://capitalatlas.ai/funds/karnataka-asset-management-company) — Seed
- Unicorn India Ventures (https://capitalatlas.ai/funds/unicorn-india-ventures) — Seed