AppSay, secures seed funding of $150,000 from Venture Catalysts

NEW DELHI: AppSay, a business communication platform, has raised seed funding of $150,000 from Venture Catalysts in an investment round led by Shreyans Shah and Mayank Shah of Toyochem Laboratories.

Venture Catalysts, a seed investment platform, also announced the opening up of an incubation facility in New Delhi, which will be in addition to those running in Mumbai and Surat. AppSay is a customer engagement platform that helps protect customer information of businesses and also the privacy of users.

It offers a non-intrusive way of reaching out to organisations such as banks, schools, utilities, NGOs, hospitals, insurers and government departments. "To start with, it will certainly work very well with the BFSI (banking, financial services and insurance) sector to help protect customer information, privacy and choice," said Shah, one of the investors.