Incubation/Acceleration
Office tools app Kaagaz selected for YCombinator batch
Gurugram-based office tools app Kaagaz has been accepted in an accelerator program of US-based Y Combinator, where early-stage startups are supported with upfront funding of USD 500,000, or about INR 3.7 crore. Kaagaz will get to demonstrate its solution before over 1,000 global investors at an event organised by YCombinator at the end of the three month accelerator program. Kaagaz had earlier raised about USD 625,000 from Pravega Ventures, Axilor Ventures, Better Capital and First Cheque, along with angel investors like Farid Ahsan of Sharechat, Farooq Adam of Fynd and Phanindra Sama of RedBus. The startup was launched in 2020 as a document scanning app and has gradually added PDF reader, PDF editor, cloud storage etc to its list of offerings.
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