But, now there is a start-up which aims to solve these issues. Hansel is a platform which allows mobile developers to dynamically fix bugs, update configurations, edit user interfaces, and manage security policies of mobile apps. It facilitates instant changes on both Android and iOS apps, with a five-minute integration process, within the guidelines of the mobile app stores in real-time. And, there is no requirement of code change.
Last month, the start-up raised $1.35 million (Rs 9 crore), led by IDG Ventures. Existing investors Endiya Partners also invested in the round. In February 2016, the company had raised a seed round from Endiya Partners, Tracxn Labs, and a host of angel investors. It plans to use the funds towards the development of cross-platform capabilities and expanding its presence in North America.
The Bengaluru-based firm was founded in October 2015 by Varun Ramamurthy, Parminder Singh and Mudit Mathur.
The firm claims to have a total installed base of 190 million and some its major clients are Voonik, Redbus and ShopX. The company generates revenue through a monthly subscription model and has customised prices for enterprises. Its plan starts from $299 a month per app, serving less than 100,000 monthly active users.
“Our current focus is to scale and hit the million-dollar annual recurring revenue (ARR) by end of the year. One of the important target and challenge in near future is to tilt the India to non-India revenue ratio,” says Varun Ramamurthy, chief executive officer.
The company has a 12-member team and it plans to expand the technology, product and sales team.
To read the full story, Subscribe Now at just Rs 249 a month
Already a subscriber? Log in
Subscribe To BS Premium
₹249
Renews automatically
₹1699₹1999
Opt for auto renewal and save Rs. 300 Renews automatically
₹1999
What you get on BS Premium?
- Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
- Pick your 5 favourite companies, get a daily email with all news updates on them.
- Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
- Preferential invites to Business Standard events.
- Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
Need More Information - write to us at assist@bsmail.in