AppsDaily raises Rs1 Billion from Zodius Tech
Chandigarh: Mobile application development and Distribution major AppsDaily Solutions after making its prolific presence in over 300 stores in Punjab has raised Rs1 billion in a funding from Zodius Technology and Qualcomm Ventures. This round was led by Zodius Technology Fund. Mumbai Angel investors have partially exited with multi-bagger returns in this round. Founded by Arun Menon and Ajay Menon in 2009, AppsDaily has set-up a first-of-its-kind India-wide retail distribution network to sell Mobile Apps and Services to smart phone customers.