India: GHV Accelerator invests $100k each in mobile apps Applop, CaRPM

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Applop, a mobile app that lets users make their own app, and CaRPM, an app that connects car owners to their cars, have raised $100,000 (about Rs 6.7 million) each from Gurgaon-based GHV Accelerator.

GHV Accelerator will provide the two startups with necessary infrastructure and support to achieve the next level of growth, according to a statement.

Founded by Rahul Singhal in 2015, Kolkata-based Applop allows users to develop their own apps without writing codes and building wireframes. This app is particularly helpful for those looking to start their own mobile app business. The startup has helped create more than 600 app till date.

CaRPM, launched by a team of four IIT-Guwahati graduates, connects car owners to their car and provides them with valuable information that helps them save money on the running cost.

“What the dotcom was to the PC era, apps will be for today’s smartphone era. Herein lies the potential of Applop. Applop is in fact the logical next step after the Internet boom, given the exponential ‘need’ of apps owing to better smartphone and Internet penetration,” said Vikram Upadhyaya, chief mentor at GHV Accelerator.

Started by serial entrepreneur and Indian Angel Network member Upadhyaya, GHV Acclerator provides mentorship, capital and a controlled environment to startups to help them grow multi-fold under its 12-month acceleration programme. The accelerator has already onboarded startups including LazyLad, My Taxi India, Foodport, Pick My Laundry and FitMeIn.

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