AppsDaily - About the company
AppsDaily is a series C company based in Mumbai (India), founded in 2008 by Ajay Menon and Arun Menon. It operates as an Offline Retail Distribution of Mobile Apps. AppsDaily has raised $30.4M in funding from investors like Zodius, RTP Global and Kalaari Capital, with a current valuation of ₹*****. The company has 86 active competitors, including 4 funded and 6 that have exited. Its top competitors include companies like Mobius, Chomp and Uptodown.
Company Details
Apps Daily (earlier Onward Mobility) sells mobile apps through offline retail outlets in India. It creates its own apps as well as acts as distributor for other app developers. Distributes apps through a retail network of 7K mobile stores across 700 cities to new smartphone users. It has stationed its own employees in 3K outlets to sell its security products. Already sold 1.5M apps and has 3M+ customers. Raised Series C round of funding led by Zodius Capital which also saw the partial exit of Mumbai Angels. In Oc 2016, secured Rs25 crore ($3.75 million) from founders and existing investors. Claims to have 2M customers, and operate in more than 700 cities with more than 400 distributors and 10,000 outlets. Company board includes Vani Kola of Kalaari Capital, Gautam Patel of Zodius Capital, Galina Chifina of Ru-net and Rajiv Dadlani, founder and chief executive of Consort Capital Services.
- Website
- appsdaily.in
- Social
- Registered Address
- C Wing, 6th Floor, Oberoi Garden Estate,Chandivali Andheri ( E) Mumbai, Mumbai City, Mumbai, Maharashtra, India, 400072
Legal entities associated with AppsDaily
AppsDaily is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
APPSDAILY SOLUTIONS PRIVATE LIMITED CIN: U64200MH2008PTC187859 , India, Dissolved under section 54 | Oct 31, 2008 | $11.8M (As on Mar 31, 2016) | 624 (As on Dec 31, 2016) |
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AppsDaily's funding and investors
AppsDaily has raised a total funding of $30.4M over 6 rounds. Its first funding round was on Jul 02, 2009. Its latest funding round was a Series C round on Oct 04, 2016 for $*****. 5 investors participated in its latest round. AppsDaily has 15 institutional investors and 36 angel investors.
Here is the list of recent funding rounds of AppsDaily:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Oct 04, 2016 | 7028242 | Series C | 9157328 | 9511052 | 9664055 | 7288779 |
Feb 13, 2015 | 9328400 | Series C | 5038107 | 5239963 | 7561294 | |
Oct 04, 2013 | 2190128 | Series B | 3135049 | 3779724 |
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AppsDaily's founders and board of directors
Founder? Claim ProfileThe founders of AppsDaily are Ajay Menon and Arun Menon.
Here are the details of AppsDaily's key team members:
- Ajay Menon: Former Co-Founder of AppsDaily and founder of 5 other companies, including Envirokare, Apps Daily Solution and Ambrosia Infotech. They are also an angel investor in 1 startup and serve on the boards of 2 companies.
- Arun Menon: Former Co-Founder of AppsDaily and founder of 3 other companies, Apps Daily Solution, Ambrosia Infotech and AppsDaily World. They are also an angel investor in 1 startup and serve on the boards of 3 companies.
AppsDaily's Board of Directors
AppsDaily's board has 2 active members. Ajay Menon and Arun Menon are part of team.Here is the list of AppsDaily's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Current | 17y 6m | |
Team | - | Current | 17y 1m | |
ahicgbe | Team | - | Past | 3y 7m |
dnmumks | Team | - | Past | 3y 6m |
{ok{trj | Team | - | Past | 3y 6m |
dnbfiwg | Team | - | Past | 2y 7m |
{fdbkmx | Team | - | Past | 8y 1m |
View details of AppsDaily's Founder profiles and Board Members
AppsDaily's employee count trend
AppsDaily has 304 employees as of Apr 26. Here is AppsDaily's employee count trend over the years:
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AppsDaily's Competitors and alternates
Top competitors of AppsDaily include Mobius, Chomp and Uptodown. Here is the list of Top 10 competitors of AppsDaily, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Offline Retail Distribution of Mobile Apps | $30.4M | 51/100 | ||
2nd | Mobius 2017, San Francisco (United States), Seed | Open-source and decentralized app store | $500K | 47/100 | |
3rd |  Chomp 2009, San Francisco (United States), Acquired | Designs, develops, and sells consumer electronics, software, and online services | $2.57M | 44/100 | |
4th | Multi-platform application distribution platform | - | - | 42/100 | |
5th | Mobiles24 2010, Cheshire (United States), Unfunded | Free mobile content: ringtones, wallpapers, games, apps, and themes | - | - | 40/100 |
6th | Alternative app store for Android & iOS apps | - | - | 38/100 | |
7th |  ETHIO APPS 2011, United States, Unfunded | Online distribution platform offering multi-category mobile and gaming applications for multiple devices | - | - | 38/100 |
8th | Handmark 2000, Kansas City (United States), Acqui-Hired | Mobile and PC app store for all OS | $10M | 37/100 | |
9th | GetJar 2004, San Mateo (United States), Acquired | Provider of a platform for downloading applications, games, and themes | $42M | 37/100 | |
10th | Online distribution platform for downloading Android & iOS applications | - | - | 36/100 |
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AppsDaily's Latest cap tables and shareholding
Founders own 23.72%, Funds (largest shareholder) own 60.35%, Enterprises own 3.47% and Angels own 8.57%. The net worth of AppsDaily's founders is INR 165Cr as of Apr 09, 2015.
Shareholders Name | Post Round Holding % | Net worth | Cumulative Investment | Realised Returns | Unrealised Returns | Return Multiple |
|---|---|---|---|---|---|---|
Founder | 23.72% | 165Cr | 2248208 | 8684300 | 4890542 | 6187838 |
6438337 | 3478941 | 5606492 | 7376737 | 1453362 | 2669165 | |
267297 | 527392 | 633800 | 684251 | 611141 | 950291 | |
Fund | 60.35% | 420Cr | 3085152 | 3243530 | 6282713 | 7170091 |
9777700 | 2541274 | 9971212 | 9067239 | 9140504 | 4191575 | |
4882480 | 6609993 | 4178639 | 2493126 | 7307994 | 7660994 | |
11981 | 69925 | 95029 | 55373 | 23457 | 58574 | |
Enterprise | 3.47% | 24.3Cr | 511 | 978 | 691 | 819 |
Angel | 8.57% | 59.8Cr | 3565666 | 1448751 | 9732481 | 7823510 |
ESOP Pool | 3.86% | 26.9Cr | 385 | 940 | 268 | 107 |
Total | 99.97% | 697Cr | 9731156 | 8079551 | 7759161 | 3611013 |
To unlock detailed Cap Table of AppsDaily Sign up today!Notes: The column Net Worth represents the net worth of investments made by that entity, as per the latest cap table.
DisclaimerView more details of AppsDaily's Shareholding
AppsDaily's Investments and acquisitions
AppsDaily has made no investments or acquisitions yet.
News related to AppsDaily
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AppsDaily raises $3.7M from Kalaari Capital, Qualcomm Ventures & othersMediaNama•Oct 04, 2016•AppsDaily, Kalaari Capital, Qualcomm, Zodius and 1 other
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AppsDaily raises $3.75 million from founders, othersLivemint•Oct 04, 2016•AppsDaily, Zodius, Kalaari Capital, Qualcomm Ventures and 3 others
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AppsDaily Secures $2 Mn In Bridge Round From Kalaari, Ru-Net And OthersInc42•Jul 11, 2016•AppsDaily, Cisco, Kalaari Capital, Qualcomm Ventures and 1 other
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AppsDaily Secures $2M from Kalaari Capital & MoreIamWire•Jul 08, 2016•AppsDaily, Kalaari Capital, 500 Global, Rothenberg Ventures and 1 other
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AppsDaily raises $16M in Series C funding led by Zodius; Mumbai Angels part-exit – VCCircleVCCircle•Mar 31, 2015•AppsDaily, ACG Associated, Ambrosia Infotech, Onward Mobility and 30 others
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