The remaining funds shall be used to expand their team and work on some of the upcoming out-of-the-box con-cepts that will help the company to elevate to the next level.
Bangalore-based startup Dybo, which specializes in product visu-alization technology for commerce, has announced that it has raised 1.2 crores in a seed round of funding. The investment is led by Spanache, a Singapore-based venture capital firm, and saw participation from Mr Manoj Nigam, the CEO of MicroD Inc.
Dybo, co-founded in 2019 by BITS Pilani alumni Dhawal Jain and Aman Kumar, aims to dis-rupt online and offline stores using its visual technologies. Currently, Dybo partners with online furniture stores to provide customers with an immersive experience. With Dybo, customers can play around with a product’s colours and materials to match their preferences and try it in their home before they buy it. Dybo’s photorealistic visual content delivers the most gratifying shop-ping experience by eliminating hesitation from the process, which is highly fruitful to any brand, especially online stores.
The company aims to utilize a significant portion of the funding to refine Dybo360 and DyboAR, the flagship products by Dybo, making them even easier to adopt and integrate. The remaining funds shall be used to expand their team and work on some of the upcoming out-of-the-box con-cepts that will help the company to elevate to the next level.
On receiving the seed funding, Dhawal Jain, Founder at Dybo, said, “To be backed by Spanache, one of the most prestigious VC firms in the industry, is like getting a double thumbs-up for our idea. We are on the right course in our mission to challenge the status quo by devel-oping gratifying experiences with visual technologies. We are very hopeful to snowball and ex-pand our markets across geographies with our technological and design abilities.”
Siddharth Mehta from Spanache said, “We are super excited to join hands with Dybo, as we feel the founders have created a fantastic product/company that is globally scalable. Every de-sign-focused product brand must utilize CGI and AR for commerce, and Dybo undoubtedly has the best platform for it. Dybo’s easy-to-use technology easily integrates with any online & offline store, while the powerful analytics visualize the most important data to give intelligent insights. Looking at the vast potential of the market, the founders’ capability and passion, we feel our in-vestment is a win, and we are even looking forward to investing in the next round.”
Dybo currently works with some of the leading furniture brands and provides immersive solu-tions, thus, helping them with increasing customer engagement and satisfaction. Now, Dybo is associated with 50 designers and brands globally, and in the last six months, it has produced over 9.5 trillion photorealistic product visuals. The startup has aggressive plans to target other design-focused products like clothes, accessories, electronics, etc.
Source: Business World
