Ycombinator leads $1.3 Mn round in AppX

AppX, an app builder platform, has raised $1.3 million in a new round led by Ycombinator. Global Founders Capital, Rocket Internet, Soma Capital, Shrug VC, Lenny Rachitsky, James Beshara and TDV Partners have also participated.

According to the Delhi-based startup, the fresh funds will be used to increase its product offerings to help more creators monetize, roll out their token as well as expand internationally. 

Founded in January 2020 by Sameer Sadana and Anuj Gupta, AppX helps its creators monetize via their own personal mobile applications and websites, wherein creators can run their own online businesses such as ebooks, courses, NFTs and e-commerce businesses.

The startup is currently targeting creators with over 10,000 followers on platforms like Instagram, TikTok, YouTube, and more such social media outlets.  

Working with creators in domains such as edtech, fitness, gaming, and skill development, the platform claims to have a network of over 3000 creators that are using the AppX products to monetize their social media following. 

AppX is also planning to launch a platform where creators can launch their online businesses in less than 10 minutes.