Six mobile app start-ups raise funds
New Delhi: Six mobile application start-ups incubated at Bangalore-based Mobile10X Apps Hub have raised Rs9 crore in seed funding in last 10 months, said the Internet and Mobile Association of India (IAMAI) in a statement. Sponsored by the IAMAI, Mobile10X Apps Hub has incubated 35 start-ups in Bangalore and five start-ups in Hyderabad in its one year of operations.
The mobile apps that have raised funding include digitizing car parking app called Zoyo; SpotPlay that allows users to watch videos without Internet connection; travel mobile app Townista; Highway Delite that makes highway commute cashless; an app for transportation called MyOfficeCab; and digital advertising management software AdCamie.
Launched in September 2015, Mobile10X is an incubating program that was launched by industry body IAMAI in association with Google India and payment services provider Paytm. The programme was targeted at training 500,000 engineering students in five years to build Android and iOS apps and create five app incubation centers across the country, Mint had reported in 2015.