Internet browser platform, Veera has secured $6 million in its seed round funding. The company was founded by Arjun Ghose and Rahul Pagdipati, the platform focuses on a better browsing experience and gives rewards based on engagement.
The investment was led by Ayon Capital which has invested in Barve, a privacy-focused browser built by the team that had previously built Firefox.
The round saw investments from several other global blue-chip investors including.
The round has also attracted investments from several other global blue-chip investors including 6th Man Ventures, Folius Ventures, The Operating Group, and iSeed Ventures among others.
Several reputed angel investors also participated in the round, including Aalap Mahadevia (Briarwood Capital), Kabir Narang(Eduardo Saverin’s B Capital), Nikhil Mohta (ICICI Ventures), Kevin Hu (Brevan Howard and formerly at Dragonfly Capital) amongst others.
The company claims to have crossed 100,000 users so far. Recently, it also launched its unique engagement-driven rewards program, designed to acknowledge and incentivize user loyalty and engagement on the Veera platform using gamification.
Commenting on the successful funding round and the company's progress, Arjun Ghose, CEO of Veera, said, "With this additional funding, we will focus on expanding our engineering team to accelerate product development, enhancing our infrastructure to ensure seamless user experience, and investing in marketing initiatives to reach even more users across India."
The home-grown browsing platform competes with the renowned giants of the internet world such as Microsoft, Google Chrome, and Apple Safari.
Last year, the company launched its new browser made mobile users. Veera had said that the company is setting a new standard for speed, clocking in at 40.8 runs/minutes on Speedometer. The upgrades made its browsers ahead of the competitors.
As of 2023, the country has over 1.2 billion internet users. India is second behind China in terms of users. In 2022, more than 52 per cent of the country's population, or 759 million people, accessed the internet at least once a month, according to the available data. India is expected to see over 900 million internet users by 2025.
