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AppsDaily raises $3.7M from Kalaari Capital, Qualcomm Ventures & others

Mobile application development and distribution company AppsDaily has raised Rs 25 crore (~$3.75 million) from existing investors including Zodius Capital, Kalaari Capital, Qualcomm Ventures, Ru-Net and Mumbai Angels, reports Mint. The company had raised Rs 100 crore (~$16 million) in a Series C funding in March last year from the set of investors. In October 2013 it raised Rs 31 crore as Series B investment from Ru-Net IndoUs Venture Partners and Qualcomm Ventures. The company will use fresh funds to finance its “growth plans”, according to the report. AppsDaily’s products include mobile anti-virus solutions, mobile insurance, backup solutions, SOS, mobile privacy, various utilities and mobile games. It also sells and distributes its own and third party products and mobile apps through retail presence across India and abroad. It currently claims to have over 2 million customers across more than 400…

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