Former Koo Co-founder Mayank Bidawatka’s new venture, Billion Hearts Software Technologies Pvt Ltd, has raised $4 million in seed funding. The round was led by Blume Ventures with participation from General Catalyst and Athera Venture Partners.
Investor of the round
The funding was driven by Karthik Reddy (Blume Ventures), Neeraj Arora (General Catalyst, ex-CBO of WhatsApp), and Rutvik Doshi (Athera Venture Partners).
Billion Hearts, founded by Bidawatka in August, is developing a global digital product currently in stealth mode, aimed at addressing a common smartphone use case using deeptech. A beta launch is planned in the coming months, with thousands already signed up for early access.
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Karthik Reddy, Partner at Blume Ventures said, “Billion Hearts aims to create digital products for a global user base. The first product is slated for a beta launch in a few months. While the product is still in stealth, it deals with a wide use case that’s relevant for all smartphone users around the world, across age groups. It will use deeptech to solve the problem, Mayank has built and scaled multiple large ventures successfully in the past and we’re excited to partner with him once again to see his vision for Billion Hearts come to life,”.
This funding comes after an earlier angel round of around $250K, backed by well-known startup founders from companies like redBus, Ola, InMobi, Flipkart, and Myntra.
Neeraj Arora, Managing Director at General Catalyst, said, “We back audacious entrepreneurs building global products with positive powerful impact. Mayank and the Billion Hearts team have insight and a distinctive approach toward building a solution that caters to a wide and unmet need of users globally." "Mayank is a proven leader, who has built successful internet venturesin the past. He has a deep passion for creating global products from India. We're excited to be by his side on this journey.”
Billion Hearts Aim
Billion Hearts is working on a digital product for a global market, which is still in stealth mode. The product aims to solve a smartphone-related issue using advanced technology. The beta version is expected to launch in the next few months, and thousands of users have already signed up for early access.
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Mayank Bidawatka, Founder of Billion Hearts said, “I’m excited to announce that Billion Hearts is being backed by a set of folks I truly admire. I look forward to bringing happy products to users around the world with a commitment to build world-class products from India, While our product is still in stealth, I’d like to say that almost everyone with a smartphone will want this product, with no exception. Thousands of enthusiasts have already subscribed for our beta. We’ll soon announce something special for all those who sign up for early access,".
Koo, a homegrown alternative to Twitter (now X), shut down in July after its talks for acquisition by DailyHunt fell through. Bidawatka and his co-founder, Aprameya Radhakrishna, announced the platform's closure due to the failed negotiations.
About Billion Hearts
Billion Hearts Software Technologies Pvt Ltd focus is now on building simple consumer products for the world, one at a time.
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