Koo co-founder Mayank Bidawatka is again making headlines and with his new venture named Billion Hearts Software Technologies. His new project signals a bold new direction for the entrepreneur. He is stepping out of the shadow of rise and fall of Koo and launching a global digital consumer product startup. He has successful raised $250,000 in angel round and plans to raise more.
Bidawatka has garnered support from prominent figures like the founders of redBus, Ola, InMobi and Myntra speaks. Entrepreneurs may experience one or two failures, but it is important how they bounce back.
The angel round funding is just the beginning and he plans to raise more $500,000 to establish the operations of Billion Hearts. Regulatory filings reveal that the company has already issued pre-seed compulsory convertible preference shares and is on track to reach a valuation of Rs 70.5 crore ($8.5 million).
Koo aimed to tap into the vernacular microblogging space and Billion Hearts is to target a more global market with digital consumer products. The focus is on a broader audience and this shows a maturation in his approach.
Billion Hearts is already creating an employee stock option plan (ESOP) and this suggests that Bidawatka is serious about building a strong team. The rollout of its first product by the year-end will be an important moment and the industry will be watching closely to see whether this gamble pays off.
The vision for Billion Hearts is nothing short of ambitious for Bidawatka. It is a second act that could prove whether he can truly bounce back and thrive in India’s rapidly evolving tech landscape. Whether or not Billion Hearts achieves the global reach it aims for, one thing is clear: Mayank Bidawatka is not done making his mark just yet.
