The Sunday edition of The Economic Times carried an article on how places other than Bengaluru such as Belagavi, Udupi and Mysuru are gaining traction for various entrepreneurial ventures.
The article quoted Rohith Bhat, our MD and CEO: “There were two reasons. In the first two years of our business, we never saw our customers even once. So there was no reason to continue in Mumbai. Also, in those days, VC funding was difficult and I knew I’d never get a bank loan in Mumbai. Since I hail from Udupi, I knew I could get it here,” says Bhat. From its initial business of being a developer for Apple, Robosoft has seen resounding success in building mobile apps and games. Last year, the firm raised $12 million from Ascent Capital and Kalaari Capital.