Funding · AI & Deep Tech
MagTapp raises ₹1 crore bridge round
By Startup Enthusiast ·
- Date
- Company
- MagTapp
- What it does
- AI browser for Indian readers
- Kind
- Funding
- Amount
- ₹1 Cr
- Stage
- Bridge
- Based in
- Mumbai
- Sector
- AI & Deep Tech
What they do
MagTapp makes a browser and document reader that shows a picture when users tap a hard word
What happened
In August 2023 it raised ₹1 crore in a bridge round from existing angel investors and others
Why it matters
The money was for its AI-based ad system; it was also working on a Series A with Lakhani Financial Services advising
The details
- MagTapp Technologies raised ₹1 crore in a bridge round in August 2023.
- Existing angel investors and others put in the money.
- It was meant for the company's AI-based ad technology.
- MagTapp wanted to link its visual meaning API with its own ad network.
- It was also raising a Series A, advised by Lakhani Financial Services.
The bigger picture
- The ad network would help publishers in many languages earn more.
- Its tap-for-a-picture feature helps readers skip dictionary look-ups.
- A bridge round keeps a startup going between larger rounds.
About the business
- MagTapp offers an image browser and document reader.
- It combines a visual dictionary with browsing.
- It was based in Mumbai at the time.
The deal
- Type
- funding