KalaGato Acquires 8 Mobile apps; To invest $100Mn in App Acquisitions by 2025
Commenting on KalaGato’s current growth and future plans, Aman Kumar, CEO & co-founder, KalaGato said, “The mobile app market is growing from $700BN in 2021 to $1.2TN by 2026. However, 0.001% of apps get VC funding, which includes every type of financing including family & friends. KalaGato provides a seamless exit to mobile app publishers and entrepreneurs with an option to sell their apps. We identify these apps through our proprietary & unique data platform and acquire them within 30 days.”
They have done transactions from Europe, MENA & South Asia. Out of the 8 apps that KalaGato has acquired, 3 of them are from Finance, 1 is in gaming and the rest are tools. Their acquisitions include Clone Armies: Battle Game, Hindi English Translator, Financial Calculator for GST, EMI Calculator – Finance Tool, Huge Digital Clock, India GST Calculator, Huge Lock Screen Clock, and Bank Balance Check All Enquiry.
KalaGato recently strengthened its leadership team and appointed Abhinav Pandey (Ex Global Head – Tech & Products – IntelliTek.ai) as Chief Technology Officer and Sushmita Balasubramaniam (Ex South Asia Domain Lead for Commerce & CX, Kantar Insights) as CEO of its Consumer Intelligence arm.
The firm began operations in 2017-18, as a big data provider & analytics company serving the needs of enterprise customers and VC funds. They pivoted in 2021 to a data-driven app buy-out company that acquires and takes over management of mobile apps – in the process providing an exit to mobile app entrepreneurs (publishers / developers). It raised $4Million in its seed round along with an undisclosed amount of debt financing in December 2021, from leading Investors in India, and the US, including Anicut, Angellist, iSeed, Village Global, SOSV, and 9Unicorns, and a host of top angel investors.
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