Mayank Bidawatka, co-founder of Koo, is preparing to launch a new venture, Billion Hearts Software Technologies. The Bengaluru-based startup recently raised $250,000 from angel investors, including founders of redBus, Ola, and Myntra.
Billion Hearts plans to raise an additional $500,000 to fund its operations. The company has issued 39 pre-seed shares to raise Rs 1.94 crore. With this funding, Billion Hearts is valued at Rs 70.5 crore ($8.5 million). The company aims to launch its first digital product globally by year-end, offering a beta version to early signups.