InTouchApp raises seed fund from Blume Ventures

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Bengaluru: Volare Technologies Pvt. Ltd, the maker of contacts management app InTouchApp, has raised an undisclosed amount of funding from seed fund Blume Ventures primarily to build its technology team and start marketing activities.

This is the first round of funding for the Pune-based firm since its formation in 2012. It helps smartphone users manage contacts, allowing them to create a contact repository that is automatically backed up and synchronized.

Starting Monday, InTouchApp, which has about 2.5 million downloads, will also let users collaborate on contacts and share lists of contacts with each other.

“Now, we are going into our second innings where we want to help you do more with your phone contacts. The first thing that we are doing is enabling you to share contacts with one another,” said Sarang Lakare, chief executive at InTouchApp.

If User A needs a contact which is in User B’s phonebook, a simple search will help her find even B’s contacts, if both are connected on the app. Users can also create common contact lists which can be shared with certain people—similar to how one collaborates on files on platforms like Dropbox and Google Drive.

“What InTouchApp is doing is taking a prevalent social network, your phonebook, and layering a lot of intelligence upon it. I think they have a good shot at building something world-class out of India,” said Karthik Reddy, managing partner at Blume Ventures.

Volare makes its money through in-app purchases for premium features. Going forward, it plans to charge organizations for greater control on the collaborative features, such as imposing restrictions on who can edit shared contacts.

To tap into other markets globally, it is also planning to localize its app content.

“In the next month, we are launching the app in several international languages. Among Indian languages, Hindi is an option we are still exploring,” said Lakare.

InTouchApp has competition from hundreds of similar apps on the Android Play Store and Apple App Store. However, in most cases, you have multiple apps for each of these functions. InTouchApp offers a platform to do all of this with one app, including automatically creating contacts from scanned business cards.

“We want to be a one-stop solution for all contacts management. You can share contacts via Slack, or WhatsApp or e-mail; we are independent of the communication channels,” said Lakare.