Investments, News

Tech start-up RainingClouds Technologies raises Rs.1crore from One97 Communications

RainingClouds Technologies Pvt Ltd, a tech start-up has raised a seed funding of Rs 1 crore ($0.2 million) from One97 Communications, which has acquired 26 per cent stake in the company. As part of the deal, Vijay Shekhar Sharma, founder of One97 Communications will join the board of the company which already has Alok Kejriwal of Games2Win as an advisor.

Speaking about the funding and the company’s future plans, Aniket Awati, one of the co-founders of RainingClouds said, “We are yet to choose a business model but with this funding, we will be trying different models and see which one fits our requirements. The capital will also be used for hiring and business development”. The founding team includes – Ratnadeep Deshmane, Amit Yadav and Akshay Deo, all of whom are engineering graduates.

RainingClouds’ flagship product is AppSurfer, a platform enabling android access across multiple devices such as non-android phones and PCs. A developer can publish his android app on AppSurfer and in turn, it creates a product page for the app and also an embeddable widget which the developer can integrate with the product page.

The application can be used online for 10 minutes and can also be downloaded. Currently in beta mode, App Surferer envisions to change the way Android apps are accessed and provide a mass platform for the benefit of the developers, so that the visibility of their apps will increase manifold. The money raised would be used to fine-tune the product further and make it accessible across all platforms such as mobile phones and laptops added Awati.


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