Internet browser platform Veera has secured $6 million in seed funding. The company was founded by Arjun Ghose and Rahul Pagdipati, and the platform focuses on a better browsing experience and rewards you based on engagement.
The investment was led by Ayon Capital, which previously invested in Barve, a privacy-focused browser developed by the team that created Firefox.
The round saw investment from several other global blue-chip investors, including:
The round also attracted investment from several other global blue-chip investors, including 6th Man Ventures, Folius Ventures, The Operating Group, and iSeed Ventures.
The round included Aarup Mahadevia (Briarwood Capital), Kabir Narang (Eduardo Saverin’s B Capital), Nikhil Mohta (ICICI Ventures), Kevin Hu (Brevan Howard, former Several prominent angel investors also participated in the round, including Dragonfly Capital.
The company claims to have over 100,000 users so far. It also recently launched its own engagement-driven rewards program, designed to use gamification to recognize and encourage user loyalty and engagement on his Veera platform.
Commenting on the successful funding round and the company’s progress, Arjun Ghose, CEO of Veera, said, “This additional funding will enable us to expand our engineering team to accelerate product development, and expand our infrastructure to ensure a seamless user experience. We will focus on strengthening our structure and making investments.” We are working on marketing efforts to reach more users across India. ”
The homegrown browsing platform competes with well-known giants of the Internet world such as Microsoft, Google Chrome, and Apple Safari.
As of 2023, the country will have over 1.2 billion internet users. India ranks second after China in terms of number of users. According to available data, in 2022 more than 52 percent of the country’s population, or 759 million people, accessed the Internet at least once a month. India is expected to have over 900 million internet users by 2025.
