UAE’s Bhatia Labs raises $400K SEED
Bhatia Labs, the parent company of a suite of subscription-based brands - banaa.com, designoye.com and serverfellows.com, has raised $400,000 in its recent SEED round.
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UAE-based Bhatia Labs has raised $400K in its SEED round via Eureeca Holdings. Founded in 2019, Bhatia Labs is a provider of subscription based productized services, platforms and infrastructure catering to individuals, startups and businesses all over the world. With Banaa.com, the company aims to bridge the developer-designer gap with its no-code/low-code platform and intends to make digital marketing and infrastructure support affordable with DesignOye and Serverfellows.
As seen in our recently released State of Startup Funding - H1 2022 Emerging Venture Markets Report, the leading Tech sectors including FinTech, Transport & Logistics, and Enterprise Software have observed a YoY deal growth compared to H1 2021. Enterprise Software ranked fourth in terms of deals recording a YoY growth of over 30% aggregating more than $100M in funding in H1’22. The MENA region has been observing sizable funds being raised by ES startups focused on providing improved tech solutions including the likes of KSA’s AI-powered Software solutions provider Mozn ($10M Series A), and Data Science startup Quant ($8M). In UAE, the Enterprise Software sector has seen the emergence of startups offering solutions pertaining to digital on-demand staffing like Ogram, and store management platform DukkanTek.
The VC ecosystem across the MEAPT region has aggregated over $5Bn in funding in H1'22, as seen in our State of Startup Funding - H1 2022 Emerging Venture Markets Report. The Enterprise Software sector has observed a YoY growth both in terms of funding and the total number of deals over H1'22, securing a spot amongst the top industries across the Emerging Venture Markets.
Banaa.com offers professionally designed key components for developing aesthetically engaging websites and e - commerce stores. The process is extremely 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 one 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.”
The new capital raised will be utilized for product development, cloud infrastructure and building a global reseller ecosystem for Banaa.com. “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,” Dushyant Bhatia concluded.
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