Smart lock startup OpenApp raises $1.3 mn from Unicorn India Ventures and KARSEMVEN

Smart lock maker Open Appliances has raised $1.3 million as part of its pre-Series A funding from Unicorn India Ventures and KARSEMVEN Fund. Existing investors ? Axilor Capital and Kumar Vembu, co-founder of Zoho have also participated in the round taking the total funding raised till date to almost $2 million. KARSEMVEN Fund is a Karnataka Govt backed VC fund. Funds raised will be utilized for sales and marketing ramp up along with R&D.