Mobile Security Firm AppsDaily Raises $3.75 Million From Founders, Existing Investors

Mumbai-based AppsDaily has raised Rs. 25 crore ($3.75 million) from founders and existing investors. The investment will be used to finance growth plans, the company said in a statement.

The company’s existing investors include Zodius Capital, Kalaari Capital, Qualcomm Ventures, Russian venture capital fund Ru-Net and Mumbai Angels.

Founded in 2009 by Arun Menon and Ajay Menon, the company was earlier called Onward Mobility, which was later rebranded as AppsDaily. It develops and markets mobile protection and security apps.