SUMMARY
Apptile has raised $2.5 Mn in its seed funding round which was led by Mankekar Family Office and Livspace founder Ramakant Sharma
The startup will use the funds to launch Apptile's platform, which will allow Shopify businesses to create customised mobile apps without any coding or design experience
Founded in 2021 by former Livspace CTO Rohit Modi, Samyam Annappa, and Vishal Sood, Apptile’s platform offers customisable and hyper-personalised app-building capabilities
Software-as-a-service (SaaS) startup Apptile has raised $2.5 Mn in its seed funding round led by Mankekar Family Office and Livspace founder Ramakant Sharma.
In a statement, the startup said it will use the funds to launch its platform, which will allow Shopify businesses to create customised, high-performance mobile apps without any coding or design experience.
Apptile will also use the capital to expand its team and further develop its platform to offer solutions for businesses looking to leverage the mobile channel.
Founded in 2021 by Rohit Modi, Samyam Annappa, and Vishal Sood, Apptile’s no-code platform offers customisable and hyper-personalised app-building capabilities.
“In the past 15 years, the development of mobile apps has not kept up with the widespread adoption of mobile devices. We strongly believe in the potential of mobile apps as a retention channel, at par with email and SMS,” Modi, cofounder and CEO of Apptile.
Earlier, Modi was the founding member and group CTO at home renovation and interiors unicorn Livspace.
“Apptile’s no-code platform enables easy and quick creation of stunning mobile apps that integrate seamlessly with third-party services, empowering DTC merchants to build strong brands and drive meaningful growth by cultivating customer loyalty and increasing their lifetime value,” Modi added.
As a result of the rising internet penetration and digitisation in the country, a slew of no-code app development startups have come up in the country. No-code SaaS platform Pathfndr.io allows any travel seller to launch their digital business within minutes, while Zorp helps enterprises to quickly develop and deploy apps within a company.
While the automation push across businesses over the last few years has created new opportunities for Indian SaaS startups, they are feeling the pinch of the current global economic slowdown as companies cut down on their SaaS spending.
Despite challenges, the Indian enterprisetech arena emerged as the third highest funded sector in the first quarter of 2023, raising $194 Mn across 41 deals. While fintech remained the largest sector in terms of overall funding, enterprisetech led both bridge and seed-stage funding rounds in terms of funding amount as well as deal count.
