Homingos
Homingos - Save and Print Memories.
| Date | Investors | Amount | Round |
|---|---|---|---|
N/A | Angel | ||
| Total Funding | 000k | ||
Homingos, operating under the legal entity Flying Homingos Private Limited, is a Bengaluru-based company established in 2017 with a launch in 2018. The company was founded by BITS Pilani graduates Shourya Agarwal, Malhar Patil, and Rajat Gupta. The initial idea stemmed from Shourya Agarwal's personal experience of receiving a heartfelt letter with childhood photos from his father, which inspired him to create a more meaningful way to share memories than digital messages.
The core of Homingos' business is its proprietary "Smartphoto" product, which embeds a video within a printed photograph. This is achieved through augmented reality (AR) technology. Customers upload a video and a cover photo to the Homingos website. The company then prints the photo, which, when scanned with the Homingos mobile app, plays the embedded video on the user's device. This product bridges the gap between physical and digital media, offering a tangible way to preserve and gift digital memories. The service is available for delivery across numerous cities in India.
The business model centers on the sale of these Smartphotos. Users can order the photos directly from the company's website, with the cost per photo being approximately $7 (around ₹696), though this price is sometimes reduced through partnerships with platforms like Flipkart and CRED. Initially, Homingos also offered a free postcard service, monetizing through an industrial revenue model, with plans to enter the advertising and B2B markets. The company manages its operations through collaborations with a large printing facility and a robust logistics network.
Financially, Homingos has engaged in several funding rounds, securing a total of $304K. A significant angel round in May 2020 raised $141K. Another round in March 2021, led by the BITS Spark Angel Network and other investors, was raised to accelerate platform development, user acquisition, and talent recruitment. As of March 31, 2024, the company reported an annual revenue of ₹8.22Cr.
Keywords: augmented reality photos, video printing, AR social media, personalized gifting, digital memories, photo printing service, AR technology, tangible media, memory preservation, Shourya Agarwal, Malhar Patil, Rajat Gupta, BITS Pilani startup, phygital products, Smartphoto, AR camera app, gift tech, interactive photos, printed video, photo gifting