BackIndus OS raises funds from JSW Ventures, VenturEast
Apart from JSW Ventures and VenturEast, existing investor Omidyar Network also took part in Indus OS's fund-raising round
Premium
New Delhi: Indus OS, a startup which has created a regional operating system, on Tuesday said it has raised an undisclosed amount from new investors JSW Ventures and VenturEast in a recently-concluded financing round. Omidyar Network, an existing investor, also participated in the round.
“The amount which has been raised will be used for product development and hiring new talent," Indus OS CEO & co-founder Rakesh Deshmukh told PTI.
The company would also invest in language technology to cover all Indian languages. Indus OS supports 12 Indian languages at present.
Earlier, Indus OS had raised $5 million funding led by Omidyar Network and angel funded by Kunal Bahl and Rohit Bansal from Snapdeal, Amit Gupta and Naveen Tiwari from Inmobi and Pranay Chulet from Quikr, according to the company.
Currently, Indus OS has seven million users across its smartphone brand partners including Micromax, Intex, Karbonn, Celkon and Swipe.
Indus OS will soon be opening an office in China to further its efforts to partner with international smartphone brands.
Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!
