Indore-based app development and testing startup BuildPan has raised an undisclosed amount of funds in seed funding from a clutch of high networth individuals (HNIs) including Yusho Kawata, Partner at Elrise Corporation Japan and Indian angel investor Sunil Kumar Singhvi, reported YourStory.
The funds raised will be used to scale up the team while expanding the company’s presence overseas.
Talking about the BuildPan, Sunil Kumar Singhvi, Partner, Singhvi Heritage LLP, said, “We believe that the team at BuildPan has a fantastic SaaS-cum-Enterprise model for the global app developer community. BuildPan helps developers automate the process of continuous code integration and deployment for developing mobile apps using AI, giving out crash reports and various important analytics.”
Founded in 2019, BuildPan offers a reliable app development platform for its customers to build and test their apps. The startup claims to have touched $10,000 in monthly recurring revenue in just 65 days and is looking to target $100,000 during FY20.
With the global mobile application market expected to reach over $400 billion by 2026 and the fragmented state of the app development business, there is a vast opportunity for BuilPan to expand its services globally.
Other app development companies competing with BuildPan in India include Algoworks Solutions, Hashtaag and Mobiloitte, among many others.