Dybo is a Bangalore-based startup that focuses on product visualization technology for commerce. It has raised 1.2 crores in a seed round which was led by Spanache, a Singapore-based venture capital firm, along with participation from Mr. Manoj Nigam, CEO of MicroD Inc.
Co-founded in 2019 by BITS Pilani alumni Dhawal Jain and Aman Kumar, Dybo strives to disrupt online and offline stores by employing its visual technologies. The startup currently partners with online furniture stores to present customers with an alluring experience. With Dybo, customers can play around with the colors and materials of the products to suit their choices and try them in their home before making a purchase. Dybo’s photorealistic visual content gives the most satisfying shopping experience by removing skepticism from the process, which is highly beneficial to any brand, especially online stores.
The company intends to use a major portion of the funding to improve Dybo360 and DyboAR, the flagship products by Dybo, making them more comfortable to embrace and integrate. The rest of the funds will be utilized to grow their team and work on some of the upcoming unique concepts that will take the company to the next level.
Commenting on the recent investment, Dhawal Jain, Founder at Dybo, said, “To be backed by Spanache, one of the most prestigious VC firms in the industry, is like getting a double thumbs-up for our idea. We are on the right course in our mission to challenge the status quo by developing gratifying experiences with visual technologies. We are very hopeful to snowball and expand our markets across geographies with our technological and design abilities.”
Siddharth Mehta from Spanache stated, “We are super excited to join hands with Dybo, as we feel the founders have created a fantastic product/company that is globally scalable. Every de-sign-focused product brand must utilize CGI and AR for commerce, and Dybo undoubtedly has the best platform for it. Dybo’s easy-to-use technology easily integrates with any online & offline store, while the powerful analytics visualize the most important data to give intelligent insights. Looking at the vast potential of the market, the founders’ capability, and passion, we feel our investment is a win, and we are even looking forward to investing in the next round.”
Dybo presently operates with some of the major furniture brands and offers suitable solutions. This helping them in increasing customer engagement and satisfaction. Dybo is now linked with 50 designers and brands all across the world and has produced more than 9.5 trillion photorealistic product visuals in the last 6 months. The startup has bold plans to target other design-focused products like clothes, accessories, electronics, etc.
Dybo has a very innovative business model and has a huge potential for emerging as a leader in this segment. The fresh funds would be a vital step towards its success.Shishir Gupta, Founder and CEO, StartupLanes
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