Startup Hashtaag raises $1 million in angel funding

BENGALURU: Mobile app development startup Hashtaag has secured $1 million in angel funding, the company announced on Thursday. Founded in 2015 by Krishna Vemula and Jayavardhan B N, the startup says it has made over $1 million in revenue so far, and will use the funding in talent acquisition and R&D.

"The funding will enable us to hire better talent, build better products and expand operations further in India and globally. We intend to make rapid inroads in the design-led app engineering space, and with this additional funding impetus we can continue to focus on delivering the best products to meet our client’s needs with our fundamentally unique business model and value propositions.” said Krishna Vemula, chairman of Hashtaag. The startup, which currently employs over 40 mobile app developers, aims to reach 100+ employees by the end of 2016.

Apart from Bengaluru, Hashtaag has offices in Chennai and Mumbai, as well as in San Francisco, California.

Hashtaag is the mobile app development partner of apps such as Doors, Shouut, Paperboy, FaceChat, Curiocty, and Logoon.