Dybo, a visual tech startup that specialises in product visualisation technology for commerce, has raised INR 1.2 crores in a seed round of funding. The funding was led by Spanache, a Singapore based venture capital firm, and also saw participation from Manoj Nigam, the CEO, MicroD Inc.
The Bangalore based startup aims to disrupt online and offline stores using its visual technologies. Currently, Dybo partners with online furniture stores to provide customers with an immersive experience.
On receiving the funding, Dhawal Jain, Founder, Dybo said, “To be backed by Spanache is like getting a double thumbs-up for our idea. We are on the right course in our mission to challenge the status quo by developing gratifying experiences with visual technologies. We are very hopeful to snowball and expand our markets across geographies with our technological and design abilities.”
The company would utilise a significant portion of the funding to refine Dybo360 and DyboAR, its flagship products. The remaining funds shall be used to expand their team and work on some of the upcoming concepts that will help the company to elevate to the next level.
Siddharth Mehta from Spanache said that they were super excited to join hands with Dybo, every design focused product brand must utilise CGI and AR for commerce, and undoubtedly, Dybo has the best platform.
“Looking at the vast potential of the market, we feel our investment is a win, and we are even looking forward to investing in the next round,” added Mehta.
Dybo is also planning to target other design-focused products like clothes, accessories, electronics etc in the future.