BugBase Raises $500,000 In Funding Led By 2am VC Bengaluru-based BugBase is one-of-a-kind marketplace of ethical hackers, which assists organisations in staying cyber safe by providing an all-in-one platform for continuous and comprehensive security testing
By Soumya Duggal •
Opinions expressed by Entrepreneur contributors are their own.
You're reading Entrepreneur India, an international franchise of Entrepreneur Media.
100X.VC-backed Startup BugBase, an Indian marketplace for ethical hackers, has raised $500,000 in funding led by 2am VC. The funding round also saw participation from Finsight Ventures, Dholakia Ventures, SAT Industries and marquee angel investors like Neeraj Roy (founder, Hungama Entertainment), Nilesh Sangoi (founding CTO and ex-CEO Meru Cabs), Puneet Deora (MD, Deoras Group), Kushal Khandwala (director, KIFS Group), Anoop Mathur (AM Capital and founder, CORE Media), among others.
BugBase, a Bengaluru-based startup, is one-of-a-kind marketplace of ethical hackers, which assists organisations in staying cyber safe by providing an all-in-one platform for continuous and comprehensive security testing. BugBase was founded by Dhruva Goyal and Kathan Desai, two 20-year-old motivated young entrepreneurs who dropped out of college to pursue their entrepreneurial dream full-time. They are currently hosting Bug Bounty programs and PTaaS (Pentest-as-a-service) programs for companies like boAt and ImpactGuru.
"Bugbase intends to give a large community of ethical hackers access to an optimised platform that has already begun to revolutionise India's cybersecurity market. We aim to spread awareness about cybersecurity among organisations and businesses likewise and hope to facilitate fruitful interactions between ethical hackers and companies," said Dhruva Goyal, founder and CEO, BugBase.
BugBase's Pentest as a Service (PtaaS) platform, connects companies to the right security researchers and helps deliver the real-time insights you need to mitigate risks and innovate securely. Payment gateway vulnerabilities, account takeovers, authentication flaws, and database and credential leaks are just a handful of bugs reported on Bugbase that are actively remediated and reported by a team of handpicked testers.
"We believe that the youth of India will play a significant role in the future growth of ethical hacking as a service - especially as the Web3 world yearns for decentralisation. The BugBase team is organised and amazingly driven by 20-year-old ethical hackers who demonstrate community leadership and a burning desire to bring ethical hacking mainstream. I would not bet against their hunger and commitment," said Hershel Mehta, general partner, 2am VC.
Today's relentless cyber threats demand a security strategy that is just as unabated and proactive. BugBase's platform, unlike traditional security platforms, takes into consideration the agile methodology adopted by businesses nowadays, claims the company. It allows an organisation to get an early baseline assessment followed by regular pentests, which helps integrate security testing into the process alongside the existing testing, rather than being an afterthought or extra step. Bugbase aims to promote better security practices among organisations and has certainly set its sights on dominating the cybersecurity market with hopes of leading India into a secure future.
