Mumbai-based OSLabs Technology India Pvt. Ltd, which runs smartphone operating system Indus OS, has raised $4 million in a pre-Series B funding round. The money was funded by existing investors. Along with this funding, the total funding raised by the company to $13 million. Though. the company did not disclose its valuation.
On the investment, Badri Pillapakkam, investment partner at Omidyar, said:
Indus OS continues to innovate for the smartphone user through its differentiated suite of regional language and system/native application products that help accelerate Internet adoption by the Indian masses.
Indus OS, formerly called Firstouch, was founded in 2013 by IIT-Bombay alumni Deshmukh, Akash Dongre and Sudhir B. Deshmukh had previously founded and ran a company called MoFirst Solutions Pvt. Ltd for five years.
It is one of the leading operating systems for regional language smartphone users in India. It is available in English and 12 Indian languages. It is addressing one of the developing challenges – to develop technology to cater to the economic, social and regional diversity.
The company claims that their developed operating system is the first operating system to meet the real needs of the emerging market’s regional language speaking citizens through innovation, simplification and localization.
It also has own app store called App Bazaar with more than 50,000 applications available in these languages. The company claims to have about 100 employees, 80% of whom work on technology and research and development.
On the development, Rakesh Deshmukh, Co-founder and CEO, said:
We will strengthen our efforts to build the Indus OS platform for developers to reach the Indian masses through dedicated brand accounts.
The company claims to be the World’s First Regional Operating System. Furthermore, they plans to empower next 1 Billion smartphone users in the emerging markets.
The company is planning to integrate Internet services with the operating system in upcoming months.
In January 2016, it had raised $5 million from investors led by venture capital firm Omidyar Network. Earlier this year, it secured funding from investment firm VenturEast and JSW Ventures, the VC arm of JSW Group. The company’s angel investors include the founders of Snapdeal, inMobi and Quikr.
The received funds will be used to tie up with more brands, acquire users and develop its product. Its brand partners include smartphone makers Micromax, Intex, Karbonn, Celkon and Swipe, and cab aggregator Ola. The company aims to acquire 100 million users within three years, up from 10 million currently.