Kaagaz scanner, an Indian cell utility for sage scanning and storage functions has raised $575,000 in a funding round led by Pravega Ventures, alongside Axilor Ventures, Greater capital and about a angel merchants including Phanindra Sama (Founder of Redbus), Farooq Adam (Founder of Fynd) and others. Kaagaz became as soon as basically based in June 2020 by Snehanshu Gandhi, Gaurav Shrishrimal and Tamanjit Singh Bindra.
Kaagaz has, since its originate, been put in in over 1.9 million cell phones with over 90,000 of us using the utility day-to-day. The utility helps 8 Indian languages and without be conscious rose after the ban on Chinese language applications. With its level of curiosity on privateness, the utility requires no signal-ins, may perhaps presumably perhaps even honest moreover be worn offline and also supplies queer facets such as personalized watermarking. The utility has also been acknowledged by the Govt of India as half of the AatmaNirbhar App Mission, where it became as soon as given a varied mention in the plight of job apps class.
Earlier, First Cheque and Axilor Ventures also backed the startup in its pre-seed round of funding.
A substantial due to all our supporters and users, acquire supporting us! pic.twitter.com/eqPe6AI21Y
— Kaagaz Scanner ( कागज़ स्कैनर ) (@KaagazS) November 28, 2020
Angry to explain our funding in @KaagazS
— Pravega Ventures (@PravegaVC) November 28, 2020
Talking on the funding to Yourstory, Lead investor Pravega Ventures talked about, “Today time, a smartphone is on the epicentre of most of our non-public and change exchanges, and we at Pravega, are very enraged to accomplice with the Kaagaz crew as they manufacture out highly advantageous AI-basically basically based utility products for the ‘Bharat’ users. The Kaagaz crew targets to leverage its proprietary cell-basically basically based sage scanner and invent a repository of paperwork in its quest to turn out to be a key node in the change and storage of data for their users.”