VC Fund Investments
Holographic-tech startup Ikonz attracts funding from family offices
Hyderabad-based startup Ikonz has raised funding in a Pre-Series A investment round from the family offices of Marc Jordan (president of Blue Amber Investments and State of the Art Entertainment), Ramana Thummu (CTO, Expedia and former CTO, Fanatics Commerce), well known stock market investor Madhusudan Kela and Akash Bhanshali (principal owner, Enam Group). Ikonz has reportedly been valued at USD 80 million.Founded in 2021 by Abhinav Varma Kalidindi, Ikonz offers intelligent agents, digital avatars, and holographic devices to enhance human-computer interactions across sectors like healthcare, education and entertainment.The fresh capital will be used to strengthen the firm's AI capabilities, scale its IP portfolio, expand the team and enhance global footprint.
In Mar 2022, Ikonzclub had raised about USD 1 M from Polygon Studios, Village Global, Woodstock Fund, and other angel investors.For FY24, Ikonzclub had reported about INR 3.92 Cr in Operating Income and about INR 0.02 Cr in Net Loss.
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