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Why Did Robosoft Raise Funds After Bootstrapping For 16 Years

Yesterday, Udupi based mobile app development company Robosoft raised Rs 22 crore funding from Kalaari Capital. Launched in 1996, this is the first funding round for Robosoft after bootstrapping for 16 years. The company develops apps across iOS, Android, Windows, BlackBerry and Mac platforms and claims to have developed more than 1000 applications which have clocked a cumulative download of more than 100 million. Among its clientele include media companies like NDTV, IBNLive, Hindustan Times, Conde Nast, and Times Internet* and other companies like Vodafone, One97, Nokia, and Microsoft Game Studios among others. Robosoft also has two different subsidiaries - an app subsidiary Global Delight which offers iOS and Mac apps and a mobile gaming subsidiary 99Games, which offers mobile games for iPhone, iPad and Android. Medianama spoke with Rohith Bhat, MD and CEO of Robosoft about what they plan to do with the funding and how the dynamics of the app business has changed. You can listen to our podcast (and subscribe at soundcloud.com/medianama) for the entire interview, or read excerpts from the interview below. Medianama: Why did you choose to raise funds now? Rohith Bhat: There are two parts to it - one is to augment our sales and strategy team for Robosoft and second is for products we are building at Global Delight and 99Games. We were earlier using the services revenue to incubate 99Games and Global Delight but we felt it was time to get funding and run these companies independently with their own vision and responsibilities. Medianama: Why did you then raise funding in Robosoft instead of these two separate entities? Rohith Bhat: We…

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