Biizlo raises Rs 3.5 crore from Eagle Group
Biizlo, a mobile app-based home security management solution, has raised $500,000 (Rs 3.5 crore approx) from the Eagle Group, a security & personnel services provider.
Nishant Katyal, founding partner & CEO of Biizlo, said, “With the recently acquired investment, we plan to exponentially increase sales on a realigned growth strategy in terms of operations, marketing & technology.”
The company streamlines the identification, authentication, verification, registration and monitoring of all visitors entering gated communities.
“Currently, we have deployed in Mumbai but targeting pan-India over the next 12 months and will have presence in some key cities such as Pune, Hyderabad and Bangalore,” said Katyal.
Joge Bharadwaj &Ritesh Sharma, directors of Eagle Group said, “Currently, there are not many security systems that provide residents the functionality to track, record, monitor and take action on the visitors who enter and exit their premises in real time.”
Biizlo currently has over 50 residential societies and over 5,000 families as customers.