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Bangalore-based AR social media platform, Homingos has raised an undisclosed amount in fresh round funding led by BITS Spark Angel Network.
The round saw the participation of BITS Spark Angel Network members Raju Reddy, Sundi Natarajan, Jayan Ramankutty, Shivakumar Ganesan, Rahul Seth, and Srinivas Anumolu of Growth Story, and including others.
“The funds will be used to accelerate the development of a first-of-its-kind intelligent, scalable and seamless AR powered platform and camera interface, expansion of user base, strengthening its team, and for developing innovative tools,” the statement said.
Speaking on the investment in Homingos, Said Raju Reddy, Early investor, and Mentor, Homingos said, “The promise and passion shown by the Homingos founders place them well to achieve their aspiration of reimagining social sharing globally. I believe the Homingos team with their strong business fundamentals, deep engineering capabilities, and commitment to building a world-class company are well equipped to realize their goals. I am proud to stand by them as they build a pioneering and game-changing product for the world in India.”
Commenting on the funding, Shourya Agarwal, Co-Founder & CEO, Homingos, said, “While photographs have been printed since 1839, our innovation “Smart photos” prints videos for the first time. Homingos aims to become the go-to platform for social sharing and engagement in the AR-enabled world. An interface that is fast, scalable, and cost-effective, the Homingos platform is designed to inspire users to connect, share and engage using AR in ways they have never done before. The backing of seasoned investors strongly underpins our proposition.”
Further adding to the statement, Rajat Gupta, Co-Founder and CTO Homingos, said, “Such tangible printed media makes it easy to discover and access memories which may otherwise be lost in the clutter of images stored on various devices. It also delivers a one-of-a-kind magical experience, almost like a Harry Potter* moving poster. The sharing and gifting of these printed videos spread this magic, deepens emotive bonds, and triggers the need to continue to connect, share and engage further.”