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Bhatia Labs, the parent company of a suite of subscription-based brands banaa.com, designoye.com and serverfellows.com, has raised over INR 3.2 crore ($406,000) in a fresh round of funding via equity crowdfunding platform Eureeca Holdings.
The new capital will be utilized for product development, cloud infrastructure and building a global reseller ecosystem for Banaa.com.
The latest infusion of capital comes shortly after it raised INR 1.8 crore in 2021 via equity crowdfunding.
Bhatia Labs was formed with a vision to provide productized services, platforms and infrastructure at an affordable cost to individuals, startups and businesses all over the world.
Launched in January 2019, Banaa.com offers a suite of no-code and subscription-based products and productized services. It offers professionally designed key components for developing aesthetically engaging websites and e-commerce stores. The process is self-explanatory and enables users to build a website and begin selling online in minutes.
Dushyant Bhatia, Founder, Bhatia Labs, said, “We’ve been working on building a suite of affordable subscription-based offerings for non-coders, designers and developers across the globe. The last year was spent on perfecting the products and offerings for the target market and with this round, we intend to focus on building our reseller ecosystem.”
“With Banaa.com, we intend to democratize software development and allow non-coders to be a part of this digital revolution. Banaa.com competes on some levels with companies such as Webflow and the open-source platform WordPress,” he added.
