We are thrilled to announce that we have successfully represented Blume Ventures in $4 million seed round funding of Billion Hearts Software Technologies Private Limited, which is an innovative consumer tech startup founded by serial entrepreneur Mayank Bidawatka. The seed round was led by Blume Ventures, along with co-investors, i.e., General Catalyst and Athera Venture Partners.
As the transaction advisor for this deal, Constellation Blu conducted comprehensive due diligence, prepared and finalized the investment agreements and worked closely with all parties to ensure a smooth and successful closure. This funding round follows a previous $250,000 pre-seed fund raise in September, which saw participation from founders and senior executives of leading Indian tech companies including RedBus, Ola, InMobi, Flipkart, and Myntra.
About Billion Hearts
Founded in August 2024 in Bengaluru, Billion Hearts is developing a revolutionary mobile application targeting the global smartphone market. The startup aims to address universal user needs through innovative technology solutions. Under Mayank Bidawatka's leadership, the company has assembled a lean but highly skilled team of 11 members, with plans to expand to 15 by early 2025.
The Vision and Potential
What particularly stood out during our due diligence process was Billion Hearts' unique positioning in the market. The company is developing a solution that, as Bidawatka notes, deals with "units in trillions" and addresses an under served market need with no direct competitors in India. The product's beta launch is scheduled for early 2025, targeting both Android and iPhone users.
Working with Industry Leaders
We are honored to have worked alongside prestigious investors like Blume Ventures, General Catalyst, and Athera Venture Partners in this transaction. As noted by Karthik Reddy, Partner at Blume Ventures, "Billion Hearts aims to create digital products for a global user base... dealing with a wide use case that's relevant for all smartphone users around the world, across age groups."
Our Role
At Constellation Blu, we take pride in our thorough approach to transaction advisory. For Billion Hearts, our team:
Completed a thorough legal, financial, secretarial and operational analysis.
Advised in drafting and finalization of investment agreements and closure processes
Facilitated negotiations between all parties
Structured the transaction to align with both investor and company interests
We are privileged to have played a crucial role in this funding round and are excited about Billion Hearts' potential to create meaningful impact in the global consumer tech space. This deal reinforces our commitment to supporting innovative startups that are pushing the boundaries of technology and creating solutions for tomorrow's challenges.
We look forward to witnessing Billion Hearts' journey as they work towards their beta launch and beyond, creating technology solutions that will serve users worldwide.
We wish Mayank and the entire team at Billion Hearts much success in their journey ahead!
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