Bengaluru based startup Hashtaag raises USD 1 million in angel funding

Hashtaag, a city-based firm which builds native mobile apps and products, on Thursday announced it has secured USD 1 million in angel funding.

The funding would enable the firm to hire better talent, build better products and expand operations further in India and globally, Kim, Chairman and Co-Founder of Hashtaag, said.

"We intend to make rapid inroads in the design-led app engineering space, and with this additional funding impetus we can continue to focus on delivering the best products to meet our client's needs with our fundamentally unique business model and value propositions," he said.

The firm aims to reach 100 plus employees by the end of 2016 in India and has already set up additional offices in Chennai and Mumbai and plans to expand globally, the company said in a release.

Hashtaag also has an office in San Francisco, California which caters to serial entrepreneurs in the US. Hashtaag, founded by Krishna Vemula (Kim) and Jayavardhan B N in 2015, employs over 40 mobile app developers, designers and support staff. It primarily works with entrepreneurs and startups looking for high-quality mobile app development partner, the company said.