File storage and sharing cloud platform Digiboxx recently announced that it has raised an undisclosed sum led by CapGro Pvt Ltd in its pre-Series A funding round at a $15 million valuation. The company will use the funds for product development, deeper penetration into its current markets, scaling operations, expanding its team, and enhancing its technology platform. It will also use the investment to scale up its core engineering efforts to support customer demand.
Founded by Arnab Mitra, Mumbai-based Digiboxx operates digital file storage, sharing, and data management solution platform that allows individuals as well as small businesses to store personal and work data.
Sign up for your weekly dose of what's up in emerging technology.
The funding will also help the company to scale up its core engineering efforts to support customer demand. Digiboxx, founded in 2020, claims to have more than 1 million users on its platform, the company said.
“We are working with multiple Indian data centres to assure that data is being sorted within the country’s borders. With this fund infusion, we are looking to further expand the company’s research and development (R&D) capabilities and hire the right talent. There is always a demand for the right talent, and large established companies get the best talent easily. And as a new company, we have to develop an understanding in them that we are making an impact,” said Arnab Mitra, Chief Executive Officer, Digiboxx.
The cloud storage platform was launched by Amitabh Kant, Chief Executive Officer, NITI Aayog, and enables individuals and small-medium enterprises (SMEs) to store personal and work data. Digiboxx is optimized for all devices and has access to the internet across all bandwidths in different parts of the country. The platform is said to be supporting eight regional languages and plans to launch more soon.