KalaGato has announced that it had acquired eight high growth mobile apps in the past six months to scale up and monetise the apps through machine learning and big data to provide business intelligence. The company also plans to acquire two mobile apps monthly and invest $100 million by 2025 in the app acquisition business. The company is looking to gain a larger share (one billion users) of mobile internet users by acquiring 70+ apps by the end of 2025.
Commenting on KalaGato’s current growth and future plans, KalaGato CEO and co-founder Aman Kumar said, “The mobile app market is growing from $700BN in 2021 to $1.2TN by 2026. However, 0.001 per cent of apps get VC funding, which includes every type of financing including family and 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 and unique data platform and acquire them within 30 days.”
They have done transactions from Europe, MENA and South Asia. Out of the eight apps that KalaGato has acquired, three of them are from finance, one 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 (IntelliTek.ai ex global head – tech and products ) as chief technology officer and Sushmita Balasubramaniam (ex South Asia domain lead for commerce and CX, Kantar Insights) as CEO of its Consumer Intelligence arm.
The firm began operations in 2017-18 as a big data provider and 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 $4 million 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.