Gurugram headquartered DROR Labs, which operates an eponymous personal safety app, has raised an undisclosed amount in a seed round led by Gopi Latpate, executive director at Chicago, Illinois based real estate and investment management firm, JLL.
Returning investor Inflection Point Ventures, which had bet on the company in December 2019, also participated in the current round. DROR has so far raised close to half a million dollars, according to a statement.
The company will use the funds to expand its user-base and diversify its service and product offerings.
Founded in August 2018 by IIT Bombay alumni Dhiraj Naubhar and Dheeraj Bansal, DROR provides multiple features on the app including on-road assistance including repair services through RoadMech, ambulance and medical help through Medulance and other partnerships with MakeMyTrip and Rapido. DROR also allows live-tracking during cab journeys, meeting tracking and provides city safety maps. Bansal left the company in February this year.
The app recently introduced a ‘social distancing tracker’ on its Android version to help consumers during the Covid-19 pandemic. The feature is also available for use by enterprises, factories and offices for workplace safety measures.
“In light of Covid-19, DROR was among the first ones to roll out a special social distancing feature. With the first-movers advantage, DROR has been constantly enhancing its offerings and expanding its user base as people understand the role of technology in ensuring citizen safety,” Gopi Latpate said in the statement.
The company claims that the app has seen some 50,000 downloads since the launch of the tracker in February this year.
Inflection Point Ventures which makes early-stage investments in seed and Pre-Series A round for companies has continued making bets during the economic slowdown. The firm, founded in 2017, by a group of CFOs and finance professionals announced its investment in online learning platform Edvizo Media earlier this month. The firm also invested in Ahmedabad-based edtech company Pedagogy in April.