Bengaluru: A Bengaluru-based startup which builds native mobile apps and products driven through technology, Hashtaag, receives $1 million from unnamed investors in its angel funding round. The funds will be used by the company to expand its base in India and international markets, talent acquisition and R&D. The company is also planning to have 100+ employees by the end of this year.
“We are extremely thrilled to secure this funding that will enable us to hire better talent, build better products and expand operations further in India and globally. We intend to make rapid inroads in the design-led app engineering space, and with this additional funding impetus we can continue to focus on delivering the best products to meet our client’s needs with our fundamentally unique business model and value propositions,” says Krishna Vemula, Co-Founder & Chairman, Hashtaag.
Hashtaag, which offers premium design and development services for startups and entrepreneurs around the globe, was founded in 2015 by Krishna and Jayavardhan B N (Co-Founder & CEO). The company’s main aim is to help other companies to transform their mobile businesses through cross platform, development, product strategy consultation, quality assurance, UI/UX design, deployment and ongoing support of premium mobile and web applications. Currently, Hashtaag has more than 40 employees including designers, support staff and mobile app developers across its offices in Mumbai, Chennai and San Francisco, California.
“While India has been a source for less-expensive development resources for a while, we’ve seen international companies hesitating to use Indian agencies due to quality concerns. Mobile apps or technology products need premium design and development to be successful. Hashtaag is working to raise the bar in India – and around the world – in providing excellence for our clients. We are glad that investors are recognizing our potential to capture a large portion of a booming market,” opines Jayavardhan.