Veera, a rewards-powered web browser, on Wednesday mentioned it has raised $6 million in a seed-funding spherical led by Ayon Capital.
Ayon Capital is a Florida-based single-family workplace that has invested in Vested Finance – an internet platform that permits Indian traders to spend money on the US inventory market – up to now.
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The spherical noticed participation from a bunch of traders together with establishments and angels – sixth Man Ventures, Folius Ventures, The Working Group, iSeed Ventures.
Ayon Capital can be an investor in Courageous, a privacy-focused web browser constructed by a crew that had beforehand constructed Firefox.
Founder and CEO Arjun Ghose informed ET that the brand new capital will assist broaden the corporate’s engineering crew to speed up product improvement, improve infrastructure and spend money on advertising and marketing initiatives.
“The overwhelming response from customers following the introduction of our rewards program and the launch of our super-fast browser has bolstered the necessity for a product like Veera in India… We purpose to proceed innovating and delivering worth to our customers as we solidify Veera’s place as the popular browser for Indian web customers,” Ghose mentioned in a press release shared with ET.
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In an interplay, Ghose informed ET, “What higher distribution platform than a browser, an software that the majority of us regardless of socioeconomic standing, open day-after-day and spend immense quantities of time on it. It simply hasn’t been leveraged to be a distribution or discoverability platform. That’s the hole or alternative we noticed.”Veera had launched its mobile-only web browser, fully developed in India, with tailor-made content material and advert blocking companies, in September 2023.
The browser has since crossed 100,000 customers, Ghose mentioned, including that the corporate additionally launched an engagement-driven rewards programme to incentivise person loyalty and engagement on the Veera platform utilizing gamification.
Ghose, an IIT Kharagpur and Wharton alumnus, was beforehand an investor at companies similar to Falcon Edge and Pantheon Ventures. He has additionally labored at firms similar to The Carlyle Group and McKinsey & Firm in previous roles.
Ghose cofounded the corporate with Zebpay founder and former CEO Rahul Pagidipati. Founding advisors on the crew included Aditya Julka, serial entrepreneur and founding father of Paddle8, and Kanu Gupta, founding management of Goldman Sachs in India and serial investor.