New Delhi based startup AppX raises $1.3 million in a new funding round
- ByTejika Bajaj | January 19, 2022
New Delhi based online solution provider startup AppX has recently announced that it has raised a sum of $1.3 million in a new funding round led by YCombinator, Global Founders Capital and Rocket Internet. The round also witnessed participation from leading investors including Soma Capital, Shrug VC, Lenny Rachitsky (AirBnB), angel investor James Beshara and TDV Partners among others.
The company officials have stated that the startup intends to deploy the recently infused capital to expand its current product offerings as well as enable content creators to monetize better. Furthermore, the startup also plans to roll out their tokens and expand its reach globally. The online creator platform has plans to launch a platform which would enable creators to initiate their online business in less than 10 minutes.
“The creator economy has been rapidly growing with increasing digital penetration. We are delighted to partner with AppX and truly believe in their vision of creating products that help empower creators and influencers across the globe,” said Don Stalter, partner at Global Founders Capital.
Launched in June 2020, AppX is an online solutions provider for content creators wherein it enables the creators to monetize through their own personal mobile application and website. The creators can easily operate their business be it ebook, NFTs or ecommerce business through the application of AppX. The startup is currently focusing on Youtube and Instagram influencers with more than 10,000 followers.
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