StartupTalky

Tag: Blockchain Developers

  • Aleo: Discover the First Platform for Building Private Applications

    Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by Aleo.

    Blockchain technology has witnessed a significant rise and fall in the last decade. It has rapidly evolved its applications and functionalities and transformed the internet from web2 to web3.

    Companies are exploring many platforms that can help them build private blockchain applications and solve their business data problems. Securing and protecting the blockchain’s data is the main driving factor behind developing private applications.

    It’s when Aleo comes for help. An L1 blockchain, Aleo is an innovative platform that uses zero-knowledge proofs to enable developers to build private applications.

    This article sheds light on how Aleo was founded, its products and services, founders, mission, funding, investors, competitors, and other vital details.

    Aleo – Company Highlights

    Company Name Aleo
    Headquarters Reno, Nevada, United States
    Sector Blockchain Software Development Applications
    Founders Collin Chin, Raymond Chu, Howard Wu
    Founded In 2019
    Valuation $1.4 B (2022)
    Website Aleo.org

    Aleo – About
    Aleo – Founders and Team
    Aleo – Startup Story
    Aleo – Mission and Vision
    Aleo – Business Model
    Aleo – Products and Services
    Aleo – Challenges Faced
    Aleo – Funding and Investors
    Aleo – Patents and Trademarks
    Aleo – Growth
    Aleo – Partners
    Aleo – Competitors
    Aleo – Future Plan

    Aleo – About

    Aleo develops a private-by-default application-building platform with a world-class infrastructure that enables privacy on blockchains. With this platform, developers can write their app using the company’s programming language, i.e., Leo, without using cryptography.

    Moreover, the platform allows developers to test, deploy, and share applications with a package manager. The company invested its stakes in Nucleo on November 22, 2022.

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    Aleo – Founders and Team

    Collin Chin, Raymond Chu, and Howard Wu are the co-founders of Aleo.

    Collin Chin

    Colling Chin graduated from the University of California, Berkeley, with an Electrical Engineering and Computer Science degree. Presently, he is the Co-Founder of Aleo.

    He started his career as a Software QA Intern at Sportvision. After then, he worked as Smart Contract Developer Intern at ConsenSys. Furthermore, he held the role of Developer Advocate at Gnosis, Advisor at Blockchain at Berkeley, and Security Consultant at Argus Observer LLC.

    Collin Chin - Co-founder, Aleo
    Collin Chin – Co-founder, Aleo

    Raymond Chu

    Raymond Chu completed Bachelor’s in Computer Science from the University of California, Berkeley. He is a full-time Co-Founder at Aleo and Security Consultant at Argus.

    He started his career in 2017 as Software Engineering Intern at IBM and then at Amazon. After that, he worked as a Software Project Manager at Blockchain at Berkeley.

    Raymond Chu - Co-founder, Aleo
    Raymond Chu – Co-founder, Aleo

    Howard Wu

    Howard Wu completed his Bachelor’s in Computer Science and Applied Mathematics and Master’s in MS, Electrical Engineering, and Computer Sciences from the University of California, Berkeley.

    He was Software Engineer at Google and Advisor at Blockchain at Berkeley. Currently, he is the Managing Partner at Dekrypt Capital and Co-Founder and CTO at Aleo.

    Howard Wu - Co-founder & CTO, Aleo
    Howard Wu – Co-founder & CTO, Aleo

    Aleo is operating under the leadership of Alex Pruden as Chief Executive Officer (CEO). Moreover, the company is teamed up with more than 55 employees.

    Aleo – Startup Story

    Aleo was born from the desire of Collin Chin and Howard Wu to achieve the impossible, i.e., building a truly personal and private user experience on the web. They realized the shortcomings of blockchain adoption and, thus, architect Aleo in 2019 as a private-by-default, open-source blockchain built for the web.

    During 2020-21, Aleo developed its programming language, i.e., Leo. In 2021, the company introduced ZK primitives- the fundamental components of a programmable zero knowledge application. And in the same year, ZK Cloud was launched to solve ‘‘The Privacy Dilemma.’’

    After months of research, the company launched its incentivized testnet, testnet2, on December 6, 2021. In 2022, it announced the launch of Aleo Testnet 3.

    Aleo – Mission and Vision

    The company aims to build the foundation for the next generation of decentralized applications. It wants to use technologies like zero-knowledge proofs and blockchain to create an ecosystem for developers to enrich and empower users on the internet.

    What is Aleo? How it works. Platform overview.

    Aleo – Business Model

    Aleo is built on an open public blockchain with Ethereum’s flexibility and more scalable architecture. It uses the Zero-knowledge proofs (ZKPs) method that authenticates the validity of a crypto transaction without sharing its details. Users can keep their money matters private by building decentralized applications offering personalized Web3 services with zero-knowledge cryptography.

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    Aleo – Products and Services

    Aleo offers multiple products to its developers:

    • Aleo Developer Docs for guiding developers to start building on Aleo
    • Leo Programming Language for zero-knowledge application
    • Aleo Explorer- A block explorer and scanner for Aleo Testnet 3
    • Aleo Studio is an IDE to develop zero-knowledge applications

    Aleo – Challenges Faced

    It’s the responsibility of service providers to manage users’ confidential data that could risk their business in the event of improper storage, processing, and disclosure. Aleo’s developers believe that this could be quite problematic.

    Aleo – Funding and Investors

    Aleo has undertaken 3 funding rounds and successfully raised a total of $298 million. Its latest funding round – Series B Round, was conducted on February 7, 2022, and raised a total of $70 million. 19 investors, of which 3 lead investors fund the company. The main ones are Kora, Sea, SoftBank Vision Fund, and Andreessen Horowitz.

    Date Round Number of Investors Money Raised Lead Investor
    February 7, 2022 Series B 2 $70 million SoftBank Vision Fund
    February 7, 2022 Series B 7 $200 million Kora, SoftBank Vision Fund
    April 20, 2021 Series A 14 $28 million Andreessen Horowitz

    Aleo – Patents and Trademarks

    The company has 10 registered trademarks, and the most popular category is ‘‘Scientific and Technological Services.’’

    Aleo – Growth

    The estimated annual revenue of Aleo in 2022 is $4.5 million ($79,800 per employee). Its current valuation as of February 2022 is 1.4 billion. Moreover, its employee count grew by 44% last year. Moreover, the company’s monthly website visits figure is more than 19,400, and its growth rate is -38.52%.

    Aleo – Partners

    Aleo partnered with Forte in 2022.

    Aleo – Competitors

    Aleo ranks 7th among its 736 active competitors. Some of its main competitors are:

    • Brilliance Technology
    • Harmony
    • Fraction
    • Black Ink Tech
    • ConsenSys
    • Bloq
    • Gem

    Aleo – Future Plan

    The primary focus of Aleo is to launch the mainnet in July 2023. Moreover, the company plans to launch additional milestones throughout Testnet 3 Phase III, including launching AleoBFT and enabling staking, adding Marlin Batch Proving to snarkVM, and more.

    FAQs

    Who are the founders of Aleo?

    Collin Chin, Raymond Chu, and Howard Wu are the co-founders of Aleo.

    What does Aleo do?

    Aleo is an innovative platform that uses zero-knowledge proofs to enable developers to build private applications.

    What are the products and services offered by Aleo?

    Aleo offers multiple products to its developers:

    • Aleo Developer Docs for guiding developers to start building on Aleo
    • Leo Programming Language for zero-knowledge application
    • Aleo Explorer- A block explorer and scanner for Aleo Testnet 3
    • Aleo Studio is an IDE to develop zero-knowledge applications

    Who are the main competitors of Aleo?

    Some of Aleo’s main competitors are:

    • Brilliance Technology
    • Harmony
    • Fraction
    • Black Ink Tech
    • ConsenSys
    • Bloq
    • Gem

  • Lepasa: Creating A Planned Metaverse Architecture for Real-World Aspirations

    Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by Lepasa.

    The global metaverse market size is projected to be worth 1 trillion by 2030. The next wave of digital disruption is clear. The days are not far when people will spend most of their time roaming in virtual reality. The metaverse encompasses different technologies, including virtual reality platforms, gaming, machine learning, blockchain, digital currencies, and more.

    Lepasa is a Jaipur-based startup that is building digital asset-based ecosystem for business and customers. Read to know about Lepasa, its founders, the startup story and its growth

    Lepasa – Company Highlights

    Startup Name Lepasa
    Headquarters Jaipur
    Industry Digital Asset/Technology
    Founders Ashish Agarwal and Alok Joshi
    Founded 2021
    Website lepasa.com

    Lepasa – About
    Lepasa – Industry
    Lepasa – Founders
    Lepasa – Name, Tagline, and Logo
    Lepasa – The Idea and Startup Story
    Lepasa – Products and Services
    Lepasa – Customer Acquisition
    Lepasa – Challenges Faced
    Lepasa – Growth
    Lepasa – Advisors
    Lepasa – Competitors
    Lepasa – Tools Used in the Company
    Lepasa – Future Plans

    Lepasa – About

    Lepasa metaverse envisions an autonomous, cohesive & opulent digital economy in sync with the real-world use cases.

    Lepasa is laying the foundation for the immensely potential digital asset-based ecosystem for content creators, businesses & consumers by developing a decentralised virtual world with numerous revenue generation opportunities.

    Lepasa – Industry

    The elements of a new digital age are converging at scale. The metaverse is the driving force bringing these elements together in a unified immersive experience. Users should increasingly be able to access a host of use cases, including commerce, art, media, advertising, healthcare, and social collaboration. A device-agnostic Metaverse would be accessible via personal computers, game consoles, and smartphones, resulting in a large ecosystem. Using this broad definition, the total addressable market for the Metaverse could be between $8 trillion and $13 trillion by 2030, with total Metaverse users numbering around five billion.

    Lepasa – Founders

    Ashish Agarwal - Co-Founder, Lepasa Metaverse
    Ashish Agarwal – Co-Founder, Lepasa Metaverse

    Ashish has been in Blockchain for almost a decade, He started his Blockchain journey with a handful of visionaries’ way back in 2013. Before venturing into blockchain, Ashish has been an entrepreneur for a long-term selling its enabled services. Before Starting Lepasa, he has been an integral part of the Blockchain development in India. He has developed multiple Blockchain-focused solutions ranging from digital custody to full-fledged exchange.

    Alok Joshi - Co-Founder, Lepasa Metaverse
    Alok Joshi – Co-Founder, Lepasa Metaverse

    Alok has been in the IT consulting business for more than 2 decades. Ha has vast experience in consulting corporates like banks and large-scale government projects.

    Lepasa Logo
    Lepasa Logo

    Lepasa is inspired by the Spanish term “Que Pasa ”? They named their immersive, realistic, sustainable project with real-world use cases “Le+Pasa” to make the audience believes that It happens.

    Lepasa – The Idea and Startup Story

    2021 has been crazy or we may say the craziest year for the Crypto community. DeFi & NFTs have stolen the show from top cryptocurrencies like Bitcoin, Ethereum, etc. It is such strong evidence that NFTs are bringing a massive number of “New Crypto Owners” to the industry. A scenario where a new user buying any crypto for the first time to buy NFT is too common nowadays.

    They had started working on the “NFT” concept back in late 2020 when Cryptopunks were everywhere & the entire industry was in awe of the pixel arts. On that very day they had decided that if they are going to NFTs, it has to be something else, not just one another project in the crowd.

    Being in Blockchain Tech for almost a decade, their seasoned & dedicated team suggested having an equal proportion of Tech & Art go ahead. Oh WOW! That was one strong statement that laid the founding stone for this world-class Fine Art 3D Game Ready NFT project.

    They onboarded world-renowned Traditional Fine Art Artists, and CGI Artists and formed a strong bond with the Tech team. Even though NFTs have been one of the largest real-world use cases of blockchain and smart contracts to date, their adoption has been unidimensional. NFTs have been restricted to GIFs and JPEGs in popular culture, failing to incorporate the vastness the technology is capable of.

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    Lepasa – Products and Services

    Virtual lands are envisioned as spaces where anyone can go and hang out with their friends via a monitor or through their virtual reality headset. Eventually, enthusiasts expect metaverse real estate properties to support virtual structures, where users can build whatever they’d like. But contrary to the fact most of the existing options are either low poly, cartoonish, or tokenised games. It is difficult to think of a real, immersive experience in the current scenario.

    Web 3.0 will lay the foundation for the phenomenal evolution of the Internet. That’s the reason the millennials are flocking into this, their expectations from metaverse could be immense in the context of enhanced experiences, gamification, and financial gains. True to the belief of web 3.0, they are adding a 3D layer to the existing model of the tokenised, low poly/2D version of the constrained metaverses. They are building an enthralling, immersive 3D visual experience. A planned Metaverse will provide immense opportunities to participants.

    Lepasa – Customer Acquisition

    They had worked day and night almost a year before launching their project, and they had worked a lot on launching it when there is a lot of demand and curiosity for the project, they had 200+ customers on the day of launch.

    They have been working hard to sustain their early customers and at the same time gain more new customers. Their customer base is constantly growing in the last six months they have organically grown multiple X.

    Lepasa – Challenges Faced

    The most challenging part in such futuristic, comparatively newer concepts is mostly around finding the right resources/talent. They have been lucky on this part as they have been in this space for a long. Still, they too have to struggle while growing their team.

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    Lepasa – Growth

    Their Launch event was one of the most exciting and successful events so far, as mentioned above they had 200+ customers on day 1. They have been working constantly and their user base is growing constantly since.

    The integration of blockchain technology with the real-estate could bring a revolution in the industry & will result in a lot of benefits including increased trust, enhanced loyalty, proficient data management, and access to real-time information. They have added a layer of state-of-the-art conceptualization & planning to bridge the gap between virtual & real. To create a Virtually-Real experience, it needs to perceive, conceptualize & planned as a real-world project.

    Lepasa Metaverse is planned exactly like any state-of-the-art real estate project shall be planned and developed. Right from the ideation phase to town planning, they have followed real-world objectives & principles. At the ideation stage, they were driven by the idea of “Ikigai: The Japanese secret to a long and happy life” based on a study of the Blue Zones – the geographic regions where people live longer and have fewer diseases than anywhere else in the world.

    Lepasa – Advisors

    They have been fortunate to have the industry’s leading name in their core team & advisory. Their technical advisory associations include Polygon, FalconX, EPNS, etc.

    Lepasa – Competitors

    Some of the top competitors of Lepasa are:

    • Decentraland
    • Sandbox
    • Cryptovoxels
    • Somnium Space

    Lepasa – Tools Used in the Company

    Some of the tools they use in their company are:

    Lepasa – Future Plans

    Looking at the vast use cases and humongous possibilities with metaverse, they have been very careful and futuristic in their vision to develop such a solution that is relevant not just in the current scenario but also capable of serving the future phases of the business use cases.

    FAQs

    What is Lepasa Metaverse?

    Lepasa Metaverse is a startup focussed on the developmnent of decentralised virtual world.

    When was Lepasa founded?

    Lepasa was founded in 2021 in Jaipur.

    Who is the founder of Lepasa?

    Ashish Agarwal and Alok Joshi are the founders of Lepasa.

    Who are the competitors of Lepasa?

    Top competitors of Lepasa are:

    • Decentraland
    • Sandbox
    • Cryptovoxels
    • Somnium Space

  • Top Web3 Based Startups in the World | Startups Leading in Web 3

    The third version of the internet, known as Web 3.0, promises a decentralised, free, and open exchange of digital information. The most frequently discussed subject among investors and businesspeople has been Web3, which includes advanced technology like cryptocurrencies, blockchains, NFTs, and the metaverse. CEOs and company executives from all sectors are anticipating and debating how Web3 may affect their regular business operations and the opportunities it may present. In the Web3 sector, which encompasses a variety of augmented reality features, more than 3.8 billion USD has been invested in businesses this year.

    To enable real-world human communication, Web 3.0 makes use of machine learning, artificial intelligence, and blockchain. To make it simple, let’s take an example of video games; web1 can be compared to the snake game where the snake manoeuvres and eats food, Web2 to the Sims or Wii, and Web 3.0 to Animal Crossing, Call of Duty, or the Last of Us. Web 3.0 has the potential to offer customers even greater utility.

    To guarantee the most precise and satisfactory results for the end-user, the majority of firms intend to use Web 3.0 technologies. So without further ado, let’s look at Web3 startups.

    Top 10 Web3 Startups

    1. Terra
    2. Chaingrep
    3. Huddle01
    4. KrypC
    5. Pillow Fund
    6. GuardianLink
    7. Biconomy
    8. Polygon
    9. Crucible Network
    10. Covalent

    Terra

    Founded: 2018
    Headquarters: Seoul, South Korea

    Terra - Top Web3 Startups
    Terra – Top Web3 Startups

    Terra is a decentralised financial infrastructure that was founded in 2018 in Seoul, North Korea. It enables users to make payments using a cryptocurrency that gives price stability and can be used for both payment and other purposes. It provides a decentralised asset that receives its value from transaction costs collected on the Terra network and is an excellent platform for decentralised financial apps. E-commerce platforms that accept the token allow users to make cryptocurrency payments.

    Chaingrep

    Founded: 2022
    Headquarters: Amsterdam, Netherlands

    Chaingrep - Top Web3 Startups
    Chaingrep – Top Web3 Startups

    Rosco Kalis established Chaingrep in 2022 as a search engine for digital assets and on-chain transactions. It can be compared to a modern-day block explorer. Blockchain transparency is only good as long as the platforms they’re on make it easy and understandable to comprehend that data, something that will become more crucial as more non-technical people start using web3 platforms. Despite the rapid expansion of blockchains like Ethereum, block explorers are difficult to use and have not improved in years.

    The experience of obtaining on-chain information can be much improved by abstracting many of the features of the current block explorers, such as Etherscan, and removing all the unnecessary noise. ChainGrep created an Etherscan for people as a result.

    Huddle01

    Founded: 2020
    Headquarters: Middletown, Delaware

    Huddle01 - Top Web3 Startups
    Huddle01 – Top Web3 Startups

    Ayush Ranjan established the video calling network Huddle01 in 2020. Through a decentralised video calling architecture, their work aims to reduce network delay in video conferencing. The business wants to lead the way in delivering real-time communications to Web3. It holds that everyone should have their own digital places so they can freely express themselves.

    KrypC

    Founded: 2016
    Headquarters: Bangalore, Karnataka

    KrypC - Top Web3 Startups
    KrypC – Top Web3 Startups

    KrypC is a blockchain software corporation headquartered in Bangalore that was established in 2016. The corporation has offices in the United States, the Netherlands, and India.

    The web3 startup has a lot of patents in the areas of payment solutions, digital currencies, mobile wallets, and security. They provide reduced and ready-to-use software packages to businesses and entrepreneurial innovators so they may deploy and manage innovative solutions with the least amount of time, money, and risk. KrypC recently unveiled KrypCore, the Prototype version of their technology that will break down the barriers that prevent businesses from adopting blockchain and enable them to create their own blockchains. The technology platforms used by the company are Ethereum, Multichain, and Hyperledger.

    Pillow Fund

    Founded: 2021
    Headquarters: Bangalore, Karnataka

    Pillow Fund - Top Web3 Startups
    Pillow Fund – Top Web3 Startups

    Pillow is a decentralised finance investment platform that enables customers to maximise their cryptocurrency earnings with minimal inconveniences. The research team at Pillow looks through 500+ protocols on ten different chains to determine the most secure approach to earn as maximum profits as possible. Users invest in Pillow in one step rather than having to bend over backwards and going back and forth from an exchange to a custodial wallet to bridge the right chains and discover the right assets.

    Founded: 2016
    Headquarters: Chennai, Tamilnadu

    GuardianLink - Top Web3 Startups
    GuardianLink – Top Web3 Startups

    A no-code NFT (Non-Fungible Token) platform called GuardianLink enables artists, businesses, celebrities, and innovators from all over the world to design their own dropships for their NFTs. This company allows high-end businesses and artists to create their own no-code customised NFTs utilising built-in templates and efficient contract management. Their primary services are the Legitimacy Protocol, No Code NFT Platform, Cross-Blockchain Royalty Rights, and Cross-Marketplace. GuradianLink has taken an extra step to ensure the security and legitimacy of NFTs and the maker’s personal details to avoid data theft.

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    Biconomy

    Founded: 2019
    Headquarters: Singapore

    Biconomy - Top Web3 Startups
    Biconomy – Top Web3 Startups

    Biconomy is a platform for developers that enables blockchain developers to improve the transactional and onboarding capabilities of their Web3 apps. The plug-and-play strategy enables Web3 interactions between Decentralised applications and end-users to be fluid and smooth by minimising blockchain difficulties. By enabling free interactions with public blockchains through Meta Transactions, apps that take advantage of the incredibly straightforward yet elegant architecture Biconomy has developed will see a dramatic increase in user retention and acquisition.

    In order to enable the integration of a decentralised payment service into services, Biconomy provides a cross-chain transaction mechanism that can work across different blockchains.

    Polygon

    Founded: 2017
    Headquarters: Bangalore, Karnataka

    Polygon - Top Web3 Startups
    Polygon – Top Web3 Startups

    The Ethereum scaling platform Polygon is well known for allowing programmers to create scalable DApps with minimal transaction fees without compromising security. A customised proof-of-stake consortium blockchain is used by Polygon, allowing for uniformity on each block.

    While preserving the interoperability, security, and structural advantages of the Ethereum blockchain, the Polygon platform can increase a blockchain project’s scalability, sovereignty, and flexibility. MATIC is used for network administration, payment network transaction fees, and securitisation. Participants in the network can stake their MATIC using the proof-of-stake method in exchange for the right to authenticate Polygon network transactions. Then, efficient miners in the Polygon Chain network receive MATIC as payment.

    Crucible Network

    Founded: 2018
    Headquarters: London, England, United Kingdom

    Crucible Network - Top Web3 Startups
    Crucible Network – Top Web3 Startups

    Today’s networks and systems are largely compartmentalised. You need a ton of usernames and passwords, and data theft is a major issue. Better management systems and network compatibility for the user are needed with the advent of quickly advancing virtual and augmented reality, hyper realism, and world-building technologies. Crucible Network develops tools for game creators and gives players a portable identity. Crucible Network aspires to unite the top blockchain and tokenisation game creators with mid-tier, indie, and AAA game developers to build a sandbox.

    Covalent

    Founded: 2018
    Headquarters: Vancouver, Canada

    Covalent - Top Web3 Startups
    Covalent – Top Web3 Startups

    In order to make billions of Web 3 data points visible, Covalent offers a uniform API. Covalent provides developers with a single API that enables them to extract precise, granular blockchain transaction data from many blockchains without writing any code. Using information from more than 27 different blockchains, developers can use Covalent to create multi-chain applications like investor dashboard tools, cryptocurrency wallets, and NFT galleries.

    Conclusion

    The Semantic Web, as it was originally imagined by Berners-Lee in 2001, has significantly evolved with the advent of Web 3.0. A decentralised ecosystem built on blockchain technology is now envisioned as the internet’s next phase of evolution. It would signal a break from the centralised mega-platforms and businesses that currently rule the ecosystem.

    FAQs

    What are web 3 Startups?

    The companies that uses decentralized internet/web are known as web 3 Startups. Web 3.0 makes use of machine learning, artificial intelligence, and blockchain.

    What are the top web3 startups?

    Some of the top Web 3 Startups are:

    • Terra
    • Chaingrep
    • Huddle01
    • KrypC
    • Pillow Fund
    • GuardianLink
    • Biconomy
    • Polygon
    • Crucible Network
    • Covalent

    What are the Indian Web3 Startups?

    Some of the top Indian Web3 Startups are:

    • Vayupankh.io
    • PredictRAM
    • 3bewte
    • OracleMovies
    • Filmrare

  • Appriffy – Hire Indian Remote Developers On-Hourly & On-Demand Basis

    Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by Appriffy.

    Our lives have become technology-oriented. Every day we use the latest technological gadgets, devices, or platforms to get many tasks done. While we are still glued to our smartphones, Alexa is also fast becoming a part of our lives. Our watches are becoming smart and our home appliances are becoming IoT enabled. Yet another technology that we use in our daily lives is applications or apps which we use for many purposes, from learning to shopping, entertainment, and much more. In this technology-led world, it has become indispensable for every business established or new, to be technologically updated. Again, having a technical team is not feasible for every business.

    But, now it is possible to make the best of technical experts work for your business, without spending a fortune. Appriffy is the digital Hub where you can hire candidates on an hourly basis and on-demand basis. Appriffy lets you hire software developers, web developers, PHP developers on an hourly and project basis.

    Read to know more about the success story of Appriffy, How Appriffy Started, its business model, founders & team, funding, growth, future plans & more.

    Appriffy – Company Highlights

    Startup Name Appriffy – Digital IT Hub
    Headquarter Bangalore, India
    Industry IT
    Founder & CEO Muzafar Hussain
    Founded 2015
    Parent Organization Appriffy – Digital IT Hub Pvt. Ltd.
    Website appriffy.com

    About & How Appriffy Works?
    Developer Industry Details
    Founders & Team of Appriffy
    How was Appriffy Started?
    Business & Revenue Model of Appriffy
    User Acquisition of Appriffy
    Startup Challenges at Appriffy
    Funding & Investors of Appriffy
    Achievements of Appriffy
    Future Plans of Appriffy
    Appriffy – FAQ’s

    About & How Appriffy Works?

    Appriffy-Digital IT Hub is a digital marketplace where one can hire developers ‘On-Hourly and On-Demand Basis‘. Appriffy team helps individuals, startups, and enterprises to build their world-class Tech products. It starts from One hour to Unlimited time. As you shop for clothes and other necessary stuff online, now you can shop developers under the Appriffy umbrella.

    The name ‘Appriffy’ denotes something related to ‘app’ (application) which is the core service Appriffy provides.

    Appriffy basically offers products under two categories- Appriffy Marketplace and Appriffy Labs. In the year, 2019 Mr. Muzafar Hussain moved forward with his partners to launch his much-awaited product called Appriffy Labs, which he explains as India’s Fastest Growing Startup Studio, a Concept Of Part-Cash and Part-Equity Format, Appriffy Labs help in early-stage startup and mid-stage companies with their creative strategy, process, and culture. They work with selected startup founders in Part-Cash and Part-Equity format to help entrepreneurs in terms of technical, office space, legal and financial support, and access to funding through its tied-up Angels, Seed, and Venture Capitalists. Basically, Appriffy is a Startup that is helping in building other startups.

    Appriffy Logo

    Appriffy has a very simple vision to add value to other people and their products. With this vision, Appriffy is adding value with innovative products like Developers on-Hourly and On-Demand Basis. Appriffy talent pool consists of Graphic Designers, UI/UX Designer & Developers, Android Developer, iOS Developers, PHP Developers, .NET Developers, Chatbot Developers, Python Developers, React Native Developers, React JS Developers, Angular JS Developers, Node JS Developers, Game Developers, AI Developers, ML Developers, Blockchain Developers, Web Developers, ERP Developers, IOT Developers, and JavaScript Developers.

    The team at Appriffy has enough exposure to startups and corporates. They have been regularly engaging with clients from India and abroad. After all these years of experience, they all believe in adding value to other people’s lives by using their expertise. This belief makes them work with dedication to realize their vision.

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    Developer Industry Details

    The mobile industry has been growing unprecedentedly. Consequently, the mobile development industry has boomed. The revenue generated by the global mobile apps in the market has skyrocketed and is only to grow in the future.

    Again there is a huge demand for developers in India. In its report ‘Workforce Report for India’, Microsoft owned LinkedIn, confirming that job postings for software engineers were the highest across multiple industries in the first six months of 2018 on its platform.

    Appriffy is an IT bases start-up that is doing well. By looking at the growth of Appriffy in the last couple of years then we can confidently say that Appriffy will be a big hit in the next 5 years and it will be a big brand name – says Appriffy’s founder Muzafar Hussain.

    Founders & Team of Appriffy

    Muzafar Hussain – Founder of Appriffy

    Muzafar Hussain, Founder & CEO of Appriffy
    Muzafar Hussain, Founder & CEO of Appriffy

    Muzafar Hussain is the Founder of Appriffy. He started his journey from a small town named Berhampur in Odisha. Things did not come easy for Muzafar. He went to Hyderabad to pursue Graduation, however, even after doing part-time jobs, he could not manage both his studies and his stay in Hyderabad, which made Muzafar move to Visakhapatnam, as the cost of living and education here was affordable as compared to Hyderabad.

    Muzafar graduated in Electronics and Communication Engineering from Visakha Institute of Engineering and Technology, Visakhapatnam. In his final academic year, Muzafar launched Appriffy. However, after working for a couple of years on Appriffy, he found that things are not working as expected. This made him move to Bangalore for finding a job. But his dream to start Appriffy was too strong, and he left his job after 6 months to start working on Appriffy all over again and has not looked back since then.

    Work Culture of Appriffy

    Appriffy has an employee-friendly atmosphere. They have an open work culture and are flexible with employees’ needs. They treat everyone equally and believe in the output instead of the traditional way of work.

    Appriffy Team
    Appriffy Team and Office

    How was Appriffy Started?

    Muzafar had the urge to do something for his country especially for solving the unemployment problem. He wanted to become an employment generator instead of an employment seeker, and this is what motivated him to start Appriffy. Today, Appriffy is not only generating employment but also saving clients money and time, delivering quality products, and helping startups realize their full potential.

    “I worked really hard on building contacts and collaborations. I worked consistently for long hours and created the core Appriffy Team. Once the core team was created we all worked towards the client-side” – Appriffy founder Muzafar Hussain, said explaining the initial stage of the company.

    Business & Revenue Model of Appriffy

    Appriffy is currently running in a profitable state and the revenue comes in the form of subscriptions, profit margin, commissions, and equity in the startup companies with which Appriffy engages.

    As regards the business model, Appriffy as stated above is engaged in two business models. Under the first business model, through ‘Appriffy Market Place’, Appriffy lets businesses hire developers on-demand and on an hourly basis. Again under the second business model, ‘Appriffy Labs’, offers support to selected startups in terms of technical support, office space, legal and financial support, and access to funding. Appriffy Labs work in a Part-Cash and Part-Equity Format.

    Appriffy pivoted with few funded Startups from India, Israel, and other countries in both the format of business model and its work with them. They have pivoted in 2017 with their first client from Israel, and are now looking out to test out the two business models regarding the feedback, changes in the product, etc. so that they can look out for the analysis part of their two current running business models.

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    User Acquisition of Appriffy

    In order to get their initial 100 customers, Appriffy used regular marketing strategies and worked on building trust among their clients, forging longevity.

    “At the core, Appriffy believes in adding values to people’s lives and we have always tried our best to stand by our words. This besides other conventional marketing strategies has helped us build an initial customer network.”

    Startup Challenges at Appriffy

    Due to Appriffy’s unique model based on renting software developers on-Hourly and on-Demand basis, they found it difficult to get customers initially; as businesses are addicted to going for the traditional hiring process.

    In their second business model which is the part-cash and part-equity model gives the flexibility to founders of the startup to save money during their initial struggle. However, in this concept Founders are required to give some equity to Appriffy so they hesitate during initial meetings, which is a tough situation to overcome. But with their services, Appriffy has successfully built a loyal and happy customer base.

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    Funding & Investors of Appriffy

    In November 2018, Appriffy raised an undisclosed amount of pre-seed funding from Mr. Abdulla Aldarmaki.

    Date Stage Amount Investor
    24-11-2018 Angel/Pre-Seed Undisclosed Mr.Abdulla Aldarmaki

    A UAE national, Mr. Abdulla Aldarmaki was the first investor of Appriffy and took an exit in July 2021 along with Santosh S.N (Co-founder & CTO) and Apurva Gupta (Co-founder & CEO).

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    Achievements of Appriffy

    • Selected by Govt. Of India and IIM Calcutta Innovation Park Under Smart Fifty Solutions for India.
    • Recognized by Govt. Of India and Department of Industrial Policy and Promotion.
    • Recognized by Govt. Of Karnataka as one of the Innovative Technical Service Provider.
    • Selected as One of the Smart 75 Tech Products Developers which is Organized by Govt. Of India and Goa and in collaboration with Govt. Of Armenia.

    Future Plans of Appriffy

    Appriffy is having its headquarters in Bangalore, the Silicon Valley of India. Appriffy currently has more than 1000 users and is working towards growing the same. Appriffy is also planning to acquire and merge with one startup into Data Analytics Domain.

    Appriffy is letting businesses hire remote developers and technical staff on an hourly and project basis, based on one’s requirement thus avoiding huge expenses. Appriffy- Digital IT hub is a talent pool of efficient and effective developers who will help your business stay technically sound. Are you an organization or a startup looking for developers to hire? Appriffy provides the platform where you can hire professional developers and technical staff. Use this platform for your business or company and do let us know your experience.

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    FAQ’s

    What is Appriffy?

    Appriffy-Digital IT Hub is a digital marketplace where one can hire developers ‘On-Hourly and On-Demand Basis’.

    What services does Appriffy provide?

    Appriffy team helps individuals, startups, and enterprises to build their world-class Tech products. It starts from One hour to Unlimited time. As you shop for clothes and other necessary stuff online, now you can shop developers under the Appriffy umbrella.

    Who is the founder of Appriffy?

    Mr. Muzafar Hussain is the founder of Appriffy.

    Who is the CEO of Appriffy?

    Mr. Muzafar Hussain is the current CEO of Appriffy.

    What is Appriffy Business Model?

    Appriffy is currently running in a profitable state and the revenue comes in the form of subscriptions, profit margin, commissions, and equity in the startup companies with which Appriffy engages.