17 March 2017, India:
ShilpMIS Technologies Pvt Ltd has raised an undisclosed amount of funding via the IvyCamp platform from digital industry veteran and investor Puneet Gupta, Nimitt Desai, Partner at Deloitte USA and other HNIs.
Founded by IIT Guwahati graduates, Hardik and Vivek, ShilpMIS is a fast growing VR/AR technology venture which aims to empower people to create, consume and spread VR / AR content seamlessly.
Puneet Gupta said, “The opportunity around Immersive experiences led by the VR revolution is on the verge of exponential expansion. The biggest opportunity and the biggest constraint at the same time is the pace at which user generated VR content is created. Today this is restricted to super specialty content firms. Democratizing this is what will make the biggest impact on the industry. PPTVR is a very impressive effort towards this goal. In a very short time, they have put together a solid foundation. Both the technology and the B2C as well as B2B2C model. I am excited to bet on the team converting this opportunity into excellent returns.”
Hardik Desai, CEO & founder SMIS, “In our quest for evolving into a new-age media platform powered by frontier technology such as VR and AR; having someone like Puneet on board is a huge advantage. Puneet brings domain expertise, relevant connects and a wealth of experience. Crowdsourced content is the key to winning the VR market and the best opportunities lie in enabling the masses to create and consume VR easily. Incidentally, the same platform can also double down as the much-needed back-end of the highly covered Indian B2C services juggernaut.”
ShilpMIS Technologies enables people to create complex VR applications with few clicks of a button. PPTVR can be used in a variety of ways to allow a wider set of audiences to experience locations, travel, events, photography, products, without writing a single line of code.