UI and UX design startup, Lollypop, has secured an undisclosed amount of investment in its angel round. The round was led by Dr Devi Shetty, founder and chairman of Narayana Hospitals, and his family. The company plans to use the funds to expand geographically, it said in a media statement.
Founded by Anil Reddy in 2013, the company is owned and operated by Pixitree Digital Creatives. It is a UI/UX (User Interface/User Experience) studio that helps companies create digital experiences that engage and communicate with their potential clients/users. The company claims to have worked with 20 companies across 11 countries. On its website, it claims to have worked with Stanford University, Myntra, Housing, Swiggy, among many others.
Lollypop provides its services in four phases: 1) Research and Testing 2) Experience Design 3) Interface Design and 4) Front-end development.
The company employs over 77 people and is planning to double the number by the end of Q4 this year. The company aims to provide end-to-end services, with front-end services by them and back-end services by its sister company called Codebele.
Commenting on the investment and growth of Bengaluru-based company, Devi Shetty stated that the company has grown ‘organically’. He further added that “design and technology” are the two components that’ll shape the future and Lollypop has been doing well “re imagining many industries”.
Further, Devi Shetty is the founder of Narayana Hospitals, a publicly listed company with a network of more than 20 hospitals. He also holds a position in the advisory committee of Indian Angels Network (IAN).
According to a recent research report, the Indian consumer internet market is expected to grow at a rate of 44 percent year-on-year. The online travel industry occupies the biggest market share, 70 percent, in the Indian consumer internet market, while the rest of it goes to etailing, fashion, furniture, grocery, hotel, food tech, cab, among many others. Furthermore, the Internet industry in India is likely to grow by 200 percent and reach $250 billion by 2020, growing to 7.5 percent of the GDP.