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E-Commerce

App aggregator Tapzo bags Rs 11.7 Cr in fresh funding from existing investors

Jun 27, 2018 by Meeta Ramnani
App aggregator Tapzo bags Rs 11.7 Cr in fresh funding from existing investors

Bangalore-based personal assistant application Tapzo has received Rs 11.7 crore from existing investors that include the Russian venture capital firm Ru-Net and Singapore-based RB Investments. While it’s assumed that this can be part of extended Series B round, the company did not respond to e-mail queries sent by The Passage.

According to a source in the company and documents in possession of The Passage, Ru-Net has invested Rs 10.7 crore, while RB Investments pitched in with the remaining Rs 98 lakhs.

US-based Sequoia Capital is also an investor in Tapzo. Sequoia invested USD 5 million and USD 16 million in two separate rounds - July 2014 and May 2015 – respectively.

The company, founded in 2010 by Ankur Singla, has gone through several re-branding efforts and has pivoted its business model also. It was after the investment from American Express Ventures in September 2016, that the company rebranded itself as ‘Tapzo’ from ‘HelpChat’. The company also removed the chat feature from its platform after the re-branding effort. Before HelpChat, the company was known as Ashoka.

Tapzo is a one-stop application for various needs. The company, which aggregates over 35 different apps on its platform, has recorded over 68,000 downloads and 86,927 monthly visits till now. The applications are spread across categories such as cabs, food, recharge, bill payment, news, cricket, and horoscopes. Some of the most known brands are also part of the Tapzo app, including Uber, Ola, Zomato, Swiggy, Airtel, Cleartrip, Book my Show, Mobikwik and Freecharge among others.

Meeta Ramnani

Meeta Ramnani is a Bangalore-based tech reporter. She focuses on emerging startups in the fintech, edutech and healthcare space. She can be reached at  Meeta@thepassage.cc.

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