Anything that makes users get things done instantly or as & when required is called on-demand services in the world of mobile app development.
On the other hand, as per Google Play Store Statistics, hundreds of mobile apps are added to the Play Store, however, the number of apps for the Apple App Store is different. Now imagine the total number of apps being added every day.
Now, there are people who got some great ideas to bring a great revolution in the market, however, the lack of finance brings them challenges to get started with their app idea.
So, to effectively support people who are willing to get started with their mobile app idea but find it difficult to go-ahead, get support called mobile app investors. They are app investors who often invest their money in people’s supreme mobile app ideas that also have the potential to bring substantial results and outstanding popularity.
These app investors had helped various app ideas that have actually resulted in promised results. Here in this post, we will be highlighting the top on-demand apps that received fundings from app investors and received fundings to make their dream app idea a reality!
Let us first begin with the statistics highlighting the on-demand economy statistics-
Top On-Demand Apps Stats
According to Statista.com, mobile apps are expected to generate nearly 95 billion US dollars, which is somehow double of 461 billion US dollars in the year 2019.
Another stats given by Statista.com stated that US consumers are spending $57.6 billion in the on-demand economy for catering to 22.4 million users annually.
Reports by Apptopia stated that Walmart Grocery, Instacart, Shipt have seen surging downloads by 160%, 218%, and 124% respectively from February to march this year.
Statista.com showcased through their research the revenue in the online food delivery segment is projected to US$136,431m this year and expected to reach a whopping amount of US$182,327m by 2024 with an annual growth rate of 7.5%.
Technavio market research analyst forecast presented that the on-demand home services market is expected to grow by $1,544.86 billion during 2020-2024 that too with a CAGR of approximately 49% next year.
There are more statistics showcasing the potential of on-demand mobile apps in the market and how they are becoming the game changer slowly & gradually by connecting with the leading on-demand app development company.
Now, let us come to the promising part of the blog, i.e.- on-demand apps that have received fundings from app investors.
On-Demand Apps That Received Funding
Wag is a dog walking application which was launched in Los Angeles and New York City in the year 2015. The app has raised $300 million. The company was known for talks with various top investors like NEA, Kleiner Perkings, but it was SoftBank that has last invested in the application.
Wonolo is another on-demand application launched in San Francisco that has secured around $32 million from Bain Capital Ventures. Wonolo is basically an app that helps companies find temporary employees efficiently as compared to the traditional staffing agencies process. The app gives the service to find a solution at an astounding 4 minutes difference.
“Check out- The ultimate guide to on-demand app guide”
The app for spring cleaning Clutter is the next on-demand application. The company has raised the amount between $200 – $250 million in its latest funding session round. Its major investor was SoftBank.
On-demand apps are making a great impact in the market by allowing users to get their desired services with just a click. Thus, the next app SuperAwesome has raised a whopping $13 million from Hoxton Ventures for the development of video platforms. The app is a video-based platform also meant for children between the ages of 6-16.
“Get to know- Service industry that drives the on-demand economy”
A multi-task management on-demand app launched in India is one of the popular applications made. The app has raised $3.1 million in its D-series funding. The app hugely handles an average of 30,000 transactions per day and has obtained a number of investors including Milestone Trusteeship Services.
Convoy, often referred to as “Uber for trucks” is the next on-demand trucking application used for freight shipping. The company recently valued at $1 billion has raised $185 million of its funding led by CapitalG.
A new VIP ridesharing app based in Dallas called Alto is said to be different from other on-demand mobile applications. The app got a dedicated fleet and employee drivers trained for better safety and hospitality. Alto’s basic goal is to offer a great 5-star experience to the users. At the beginning of 2019, the company has raised around $14.5 million during two rounds of funding. Its investors are Frog Capital and Road ventures.
A Seattle-based dog-sitting app called Rover has raised $155 in venture capital for expanding its operations to Europe too. The investment they gathered came from a range of funding options advised by T.Rowe Price Associates and contributed to by Cross Creek, TCV, Winslow Capital are a few names to write.
Another name for an on-demand mobile application is ParkWhiz. The app makes users find available parking spots in both garages and parking lots. Services rendered by the app are now expanding across Canada, U.S., and now have 40 million customers and more are being added to their services.
For the betterment, the company has raised $25 million from its strategic investors like Alate Partners, Amazon’s Alexa Fund, and so on.
A technology clad application giving a real human side of technology Papa is the next on-demand application. It is also referred to as “grandkids on-demand app” as the app connects adults over the age of 60 or so who require companionship.
The app is headquartered in Florida has raised $2.4 million from Initialized capital.
Handstand, an on-demand app has formed a partnership with Reebok and has raised a whopping amount of $1 million investment. The major funding comes from Reebok, angel investors, and also from a startup studio science.
The business expands its growth into new markets including LA, New York, and Boston.
A Dubai based online marketplace called Mini Exchange has launched its app after raising a whopping amount of $3 million of funding. As per the talks from Mini Exchange, it included new investments from Africa and the Middle East.
An Indonesian based beauty & fashion app called LYKE allows users to follow their favorite brands along with access to receiving notifications and discounts. The app has raised $4 million from the series of funding led by a German Venture Captial firm called Holtzbrinck Ventures.
The app got 1 million downloads just after the launch within 6 months.
Uber’s biggest rival in Southeast Asia, Grab has raised an outstanding fund of $750 million led by SoftBank Group. Also, Japan’s Honda was also a part of the deal with an undisclosed amount of investment.
The app is highly known for offering motorbike, taxi, private car, and carpooling services in 31 cities.
Now that we have mentioned to you the top on-demand mobile applications, it is time to look at how to attract mobile app investors swiftly and efficiently.
How To Attract on-demand App Investors?
Look At The Market
Before getting started with anything, it is important to look at the market and analyze it nicely. During the market research process and looking at on-demand economy statistics, understanding and knowing the competitiveness of your product can make you line up the pitch for the investors.
Get an approximate number of figures about the market status and the status of your product. Go ahead with surveys based on your potential customers, the geographical locations, the internet users’ usages along with information taken from search engines.
The Niche Understandings
As you are turning towards the investors or app funding companies, you need to let your investors know about the need for your product in the market. For that matter, you need to do in-depth research on every aspect.
Be sure that if your app is somewhat similar to the app already available in the market, the chances of letting your app be unique will be dull and less. This will result in making your app less unique and less worthy to invest in by mobile app investors.
Thus, do the market research greatly and come up with an outstanding elevator pitch to let things happen nicely and smoothly.
Your app branding will always reflect its professional side giving an ultimate edge for fundings.
Once you are done with it, make sure you are using such a pitch that can make investors know that you have created an app with every feature and functionality clad into it. Do app branding for that matter!
Come up with a nice working domain name, a website-based mock upbuild, and a demo of how the app will look like in the mock-up. For making more impact, it is always good to come up with some out of the box app idea for letting investors believe in your app idea and your seriousness about it.
App Funding Kind
You really need to know how to attract on-demand app investors for your app idea as you are entering the market for a purpose. As app development is a phase-based process, thus, you need to be very clear with the kind of amount you want.
Set your expectations, be clear with the amount, and beware of the fact that no investors would like to invest in your app idea if it is in its raw stage and got no worth to prove.
Now that you are done with the market research, KPI metrics to get funding for on-demand app, the pitch, the niche, the understanding, it is time to look at the right investors for your app idea. Before reaching the app investors, you can first begin with your friends, family members, or bank loans.
Once done, seek people who are willing to invest their money in your app idea, finding such people though is tricky, however, not impossible.
A Strong Pitch
You get little time to invest in app investors for your app idea, thus, make sure you are using every trick, tip, and idea to make your app approachable and good to invest in.
Get a strong persuasive pitch using less time and explaining the top features of the app. Once your investors find your pitch and app idea interesting, you will be given a lot of time for explaining everything about the app. Thus, during the pitch time, make sure everything you are saying is worth every penny.
Ask For Advice
Advice sometimes offers a better outcome. Thus, if you would not like to make your move quite desperate, opt for the opportunity to take advice. Instead of asking for money from app investors, it is good to ask for advice, this will result in building a strong relationship with the investor.
By doing this, app investors will be able to understand your app idea in a much better way and might like to invest his/her money in the idea.
Getting your app demo prepared is a good way to impress mobile app investors or app funding companies. Through the app demo, you can let investors know about your app idea- a step above the vague mobile app idea.
Hiring experts to make your app demo can make your app idea look great.
Finding someone or a partner that can help you add more value to your app idea is great. Also, find an investor who can help you grow stronger using their knowledge, expertise, and experience. together with them, you can make things way better than before.
Top on-demand apps are gaining popularity and its share of highlights, however, with new app ideas coming into the market, getting enough money for making them a reality is still a dream for many.
For letting startups and newcomers make a mark in the market, mobile app investors are there in the market to support them and for that matter, it is crucial to get the answer to on-demand apps that received funding. There are apps in the market that have already received ample amounts of fundings till now and are growing greatly in the market.
So, if you are willing to get started with the app and the idea for getting investments, connect with our experts today!
A young entrepreneurial technocrat who is the Co-Founder & CEO at Appventurez Mobitech. After completion of his masters in Computer Application, he dived into the world of technology as an iOS developer. As a CEO, he firmly believes teamwork and collaboration are the essential tools for any company’s success.
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