Company Market Research Report: Techugo

Company Overview

• Name: Techugo

• Mission: Creating digital experiences for global visionaries.

• Founded: 2015

• Founders: Three visionaries (specific names not provided)

• Key People:

• Abhinav Singh - CEO

• Ankit Singh - COO

• Abhinav Gupta - Director - Mobility

• Lakshman Kumar - Associate Director – Delivery

• Priyanshi Singh - Senior Product Manager

• Ayushi Singh - Product Manager

• Indranil Chatterjee - Team Lead Android

• Aniket Tiwari - Partner

• Headquarters: Ontario, Canada

• Number of Employees: Over 200

• Revenue: No information is available

• Known For: A CMMI Level 3 company renowned for its expertise in app development, particularly in leveraging technologies like React Native, Flutter, Artificial Intelligence, IoT, AR/VR, and Blockchain.

Products

• JoshCam

• Description: An interactive and powerful video editor developed in collaboration with VerSe Innovation.

• Key Features: Hundreds of ready-to-use templates, advanced editing features.

• Remarkable Metrics: Over 50 million downloads.

• Milkbun

• Description: A scalable, interactive, and user-friendly app designed in collaboration with Gastronomica, aided in the success of Milkbun in the food industry.

• Recognition: Named in World’s 50 Best Restaurants.

• Sterkla

• Description: An online marketplace for coaching, providing a professional tool for global users.

• Key Features: Fully integrated management and simplified communication.

• Recognition: Entrepreneur X Award winner.

• Storytime AI

• Description: A platform using AI to create culturally relevant and inclusive books to foster a love for reading among children.

• Funding: Raised an undisclosed amount.

• BuyEazzy

• Description: An online shopping platform offering a curated selection of products from trusted brands.

• Funding: Raised $1.3 million.

Recent Developments

• Funding Developments:

• Scooped funding of ₹55M from Y Combinator, Kevin Lin, & XRM Media.

• Raised $809M from Luxor Capital, Sumeru Ventures, and others.

• Raised $869M through apps developed by Techugo within one year.

• Partnerships:

• Collaborations with VerSe Innovation for JoshCam.

• Partnership with Gastronomica for the creation of the Milkbun app.

• Achievements:

• Transition contributed to Byju's becoming India’s largest edtech company, with a valuation of $5.1 billion.

• The Lifology app received the Guinness World Record as a winning guidance app for parents.

• Partnered with Fortune 500, Fortune 200, Global 2000 companies, and political organizations.

• Technology and Services Expansion:

• Expanded service offerings in Android, iOS, React, and Blockchain development, among others.

• Established operations in five countries including Canada, USA, India, Saudi Arabia, and the UAE.

Additional Information

• Industry Coverage: Techugo covers a wide range of industries, providing tailored solutions for E-learning, Food Industry, Travel & Tourism, On-demand services, Fintech, Ecommerce, Healthcare, and more.

• Employee and Cultural Philosophy: Techugo fosters an innovative and collaborative culture akin to a family, which is echoed in testimonials and reviews by clients who remark on the company’s commitment, professionalism, and 24/7 availability.

This professional report encapsulates the strategic initiatives, products, and industry recognition of Techugo, an evolving leader in the app development landscape.