Meet Aditya Narang founder of SafeHouse Technologies
Delhi boy Aditya Narang left home at the tender age of 11 years to join boarding school in London. It wasn’t unusual as it was a family tradition for all boys to attend boarding school in England. Aditya comes from a family that has produced a long line of entrepreneurs, starting with his great-great-grandfather Dr GC Narang, who started one of India’s first sugar mills in 1908.
Aditya’s first paid job while he was still in college was a six-month gig in London, working for Estee Lauder on the Tom Ford account in digital marketing. The Lauders (who own the cosmetics giant brand Estee Lauder) and the Narangs have had a relationship for four generations.
In fact, Aditya’s grandfather, who ran several businesses, had at one point got into cosmetics and partnered with Estee Lauder. The two families have been close family friends since.
Earlier this month, the cybersecurity startup raised $2.2 million in funding, led by Barclays UK Ventures (the venture capital arm of British multinational financial services group Barclays). Other investors that participated in the round included Purnendu Chatterjee, the Founder and Chairman of The Chatterjee Group (TCG). SafeHouse plans to use the funds to promote BodyGuard and increase its investment in research and development (R&D).
In 2016, the late ESP Das, former Vice Chairman of Merrill Lynch, invested in the company as an angel investor. The following year, the company was picked up for incubation by CyLon Labs (which is backed by British defence and aerospace company BAE Systems and Winston Capital). And in 2018, it was chosen to be part of the Techstars and Barclays accelerator programme. Quizzed on the financials of the company, Aditya says he cannot divulge any numbers as part of Barclays’ standard policy.
Large businesses come equipped with a vast and enviable arsenal of specialists, experts, analysts with even bigger audiences and budgets. While small businesses cope with the daily trials of sorting accounts and finances, recruiting workforces and implementing executive decisions and keeping costs at the critical point, big businesses do not have to do the constant juggling, thanks to overwhelming resources and reserves that tend to monopolize the market.
SafeHouse Tech provides digital safety from identity theft, harassment and predatory online behavior through its mobile app which encrypts a user's smartphone. Its cloud-based cybersecurity platform protects devices connected to it. The company has partnered with IT services firm Tech Mahindra. It also sells a software license for its flagship app at several retail stores across India including Reliance Retail. In 2019 it raised a seed round of $2.3 million led by Barclays Ventures, with participation from Techstars Ventures, AltaIR Capital, and notable angel investors. SafeHouse Tech has been part of the BAE Systems Accelerator in London, the Techstars and Barclays Accelerator in Tel Aviv.
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