Digital penetration in India is increasing day by day as we speak. According to Hindu, over 50% of Indians are active internet users and that is just amazing! This is one of the reasons why we are witnessing a ton of mobile app development companies popping in and around Chennai.

But how much does mobile app development cost you in Chennai? This is a question which we are about to answer in detail. So buckle up as we are in for a ride!

But before we do let’s take a look at the major factors involved in mobile app development cost. And, don’t forget to keep in mind that we’ll break down and drop the pricing in detail later on.

App Design

You would want a stellar-looking mobile application and a consistent style across the mobile application. So, depending on the design and efforts, the cost will differ.

Project Complexity

This is one of the major factors to look out for. what features do you want and functionalities do you want in your application? The requirement differs drastically from one application to another and it surely affects the pricing. This is why we offer a free consultation to give you a detailed peek at the tailored pricing for you!

Mobile App Platform

On which platform(s) you’re about to build your mobile application? Or do you want to launch your application for both of the platforms to reach everyone? The pricing will differ based on the platform(s) you choose, which we will discuss in detail later on.

App Launch Support

There are some checklists to follow if you launch your app to the iOS App Store or Play Store. You can do this part on your own or you can rely on the expertise of the mobile app development team.

Support & Maintenance

Though it doesn’t fall under the development cost, it’s good to know. If you wish to receive support and maintenance from the team, there will be additional costs for this.

These are all the factors that will vary based on your project scope. Apart from these, there are some standard costs that you have to know, for instance, the mobile app development, project management, and testing. Talk no further and let’s see the pricing now real quick!

Here’s where the rubber meets the road, guys! Here we have provided you with a detailed breakdown of mobile app development costs in Chennai.

In the listed cost, we have included the cost of the mobile app development, project management, and testing. Do note that these are just average costs and yours would definitely vary. If you wish to know the exact pricing for your project do not hesitate to reach out to us!

Now, let’s break down the types of mobile applications and price them each.

Minimum Viable Product (MVP) Development Cost

No matter how many hours you pour into research, you can always leave some stone unturned. So for that, you could get valuable feedback before the actual development with a Minimum Viable Product (MVP).

The cost of a Minimum Viable Product development in Chennai could cost around $5000 and all the way up to $10,000 depending on the scope of your project.

Simple Mobile Application

Let’s say you’re in the beginning stage of your business and you wish to have a mobile application with a limited number of features. Then this is the cost for you.

To develop a simple mobile application with basic functionalities it would cost around $2000 to $5000 and It’ll take 1 to 2 months to develop your application.

Standard Mobile Application

If you’ve been in the game for some time and you wish to cover the existing through the mobile application and accommodate the new customers, this is for you!

A standard mobile application can be developed within 3 to 4 months with a price point of $5,000 to $10,000.

Advanced Mobile Application

If you mean game and want to develop a full-blown mobile application with all the functionalities and features you can imagine, then this is the category for you!

The development cost of an advanced mobile application can cost you over $10,000.

Do note that the price of the advanced mobile applications differs drastically from one project to another. Have a coffee with us to know the exact pricing.

As we said in the beginning, the cost of your mobile application also depends heavily on the platform you choose. Let’s discuss the pricing for each here.

We have seen the average cost in detail but now let’s dig a bit deeper. Let’s break down the categories of mobile apps in industries so you can have a better peek at the pricing.

We know that you might be wondering is that it? Or is there any hidden cost that you should be worried about? Let’s talk a bit about this now.

The answer is Yes, there are chances that you might have to pay more. But it totally depends on the scope of your project.

For example, if you wish to accommodate more users to your mobile application, it would cost you for the tweaks made on the backend server. Or, if your project requires any third-party integrations, you have to pay the monthly subscription that you chose for the integration. But we do have a solution for the integration part!

See, most of the integrations are used in order to ease up the work and time. Yes, it is easy to set up and all but the price you have to pay is hefty. The solution? it is by going for custom-coded API integrations where you have to pay only once.

However, the possibility of whether we can do it or not depends on the project and the integration complexity. So do reach out to us if your mobile application requires any integration and let’s have a talk about how we can help you out to reduce the overall cost.

We hope that you have now gotten an idea of the average cost of mobile app development in Chennai. The only part left is to find a partner for your development process.

Having a mobile application will be the face of your brand and the mobile app development company should understand this. So, don’t try to find a mere company but a reliable partner in your business success.

That is exactly who we are! At Absolute App Labs we understand what it means to have a dedicated mobile application for your business. That’s why our development methodology ensures to keep you in the development loop since your feedback is the most valuable thing.

Make the right decision and scale your business with us now!

Over the past decade, technology has boomed, turning Chennai into a tech hub in India. Among the numerous emerging companies, there is a notable rise in mobile app development companies in Chennai, offering various services.

So, the question that has to be asked is, what are the best and top mobile app development companies that you can rely on without any worries? We’re here to give you exactly that and let’s just jump right in, shall we?

We understand the significance and the impact a development partner can have on the success of your business. When it comes to navigating Chennai’s bustling tech sphere, identifying the cream of the crop among many mobile app development companies in and around Chennai is no small feat.

So, what are the factors and the checklist a company has to tick to be on our list of top companies? Let’s take a peek at our curated criteria real quick.

While we don’t like to boast around, our delivery is impeccable when it comes to mobile app development! A mobile application has the potential to define the success of your business excellence and we understand that. At Absolute App Labs we have years of expertise and a talent pool with different tech stack knowledge to make your vision into a digital reality. We strictly adhere to the given timeline, thanks to a dedicated project manager and a delivery manager we have for you.

Absolute App Labs never say Voila after the completion of your project! We’ll extend our support to help you launch your application in the App Store or Play Store and our support team will ensure your app is seamless for the users without any hiccups.

Reach out to us and let our years of expertise bring the best to your mobile app dream!

Smarther is a mobile app development company with years of experience up their sleeves. We can clearly see their expertise with the number of clients that they serve. Whatever your business industry is and whatever tech stack you prefer, Smarther can help you make a mobile application that not only speaks for you but for your customers as well.

Team Tweaks is another leading digital marketing and mobile app development company in Chennai that is renowned for its quality. Established in 2012, Team Tweaks has grown into a global player with dedicated professionals. Their expertise spans SEO, web design, and app development. Their leadership team brings a wealth of experience, supported by visionary advisors. Team Tweaks prioritizes inclusive design, rigorous testing, and effective project management to ensure client success.

Spider India is an esteemed software firm founded in 1999, that excels in website development, mobile apps, and e-commerce solutions. Spider India IT solutions offer prompt, reliable, and cost-effective solutions for supermarkets, real estate, and various e-shops from different industries. Renowned for top-quality work and exceptional customer service, Spider India stands as one of the leaders in the software and mobile app development realm in Chennai.

Massive IT Solutions, a Chennai-based digital expert since 2015, excels in mobile app development. Their expertise lies in crafting high-quality, user-friendly mobile applications. With a unique partnership approach, they’d be able to seamlessly integrate with your visions, transforming concepts into dynamic mobile solutions. From strategic research to deployment, their process ensures tailored, efficient app development, delivering exceptional user experiences. Trusted for their expertise in mobile app innovation, Massive IT Solutions can be your go to solution for mobile app development needs in Chennai.

Muviereck Technologies, a rapidly evolving IT solution company based in Chennai, specializes in cutting-edge mobile app development. They can craft dynamic, user-centric mobile applications. Muviereck Technologies claims that its growth stems from a commitment to delivering high-quality solutions, leveraging the latest technologies. Muviereck seamlessly translates ideas into robust mobile apps, ensuring a smooth user experience. As a fast-growing entity, their dedication to pushing boundaries in mobile app development could make them a go-to choice.

Grids and Guides is a company that offers unparalleled resources and expertise. With advanced technology skillsets and skilled professionals, they can help you by crafting seamless solutions that propel your business toward success. Our commitment to continuous learning, collaborative partnerships, and exceptional quality ensures outstanding project outcomes. With flexible software development models tailored to your needs, Grids, and Guides delivers high-quality solutions that empower your business to thrive. Having these qualities made G&G among our curated top 10 mobile app development companies in Chennai list.

Behive Technologies is at the forefront of mobile and web app development in Chennai, reshaping the technological landscape with innovative solutions. Behive’s mission centers on empowering businesses and individuals through impactful mobile apps, driving growth and industry transformation. They prioritize client success, weaving excellence into every project, leveraging cutting-edge technologies and user-centric designs. Committed to fostering long-term relationships.

Lia Infraservices, a top-rated Custom Software Development, and Digital Marketing Company, leads innovation from 3 prominent places – Chennai, India, and Saudi Arabia. Founded in 2016, their team aims to tackle industry challenges. Services encompass mobile app development at the forefront, emphasizing user-centric experiences and affordable infrastructure. They also claim to focus much on the user centric design to give a fabulous mobile application.

Last but not least people! SOD Dev stands as one of Chennai’s reliable mobile app development companies, dedicated to excelling in maximizing brand recognition, amplifying sales, and driving impactful lead generation. With a proficient digital marketing team onboard, Sod Dev would be able to craft mobile applications with marketing in mind, ensuring your brand remains future-proof, and so does your profit ultimately.

Okay, we listed down curated Top 10 Mobile App Development Companies in Chennai. hopefully, you have selected the right company that suits your unique needs.

So.. Is that all you have to do from your side? A big NO. Selecting the right company is one of the key aspects, yes, but your journey doesn’t just end here. You have to be involved in your project development journey throughout, no questions asked. Want to know the what are all the thins to be aware of? Let’s have a quick discussion here.

This is one of the important aspects you should be aware of. Define your app’s objectives and goals clearly. Make sure you explain your project’s scope both in terms of your perspective as well as the business perspective. This would enable you to work out the budget and align it with a practical timeline that works for both parties.

As we said before, you have to be involved in the app development journey without any hesitations. Remember, it is your project that a company is building and it can be just another project for them, but not for you, right? So, make sure to keep yourself involved all the time to give your valuable feedback and insights to make sure your app aligns with your vision.

Once the development is done a reliable mobile app development company should provide you with app launch support for a seamless launch. Launching your app requires a lot of effort and you can have a detailed look at it by reading our IOS app store submission checklist blog.

Participate in testing phases. Offer detailed feedback on functionalities, UI/UX aspects, and overall user experience. Your input significantly impacts the final product. Make sure to test your end product with the end user in mind.

From day 1, don’t hesitate to emphasize the importance of security protocols within the app. Work closely with the developers to implement robust security measures to safeguard user data. A reliable development company should provide you with all the latest security measures that are available to you.

Be open to necessary changes or modifications to your vision during the initial and development phases. Sometimes things may not go exactly as planned, so be prepared to make swift decisions accordingly. This is suitable for both you and the mobile app company you choose as flexibility is crucial for a successful outcome.

We hope that with our details you will find your reliable partner amongst the many mobile app development companies in Chennai that we have curated for you. Before you jump into the development process remember to check all the boxes we’ve mentioned before.

Remember, mobile app development requires collaborative effort where your input positively influences the end product.
Choosing the right partner is vital, but actively participating in your app’s development journey contributes significantly to its success. Ultimately, it’s this collaboration that leads to the creation of exceptional mobile applications.

If you want to tick all the boxes and need a company that puts you first, look no further than us! We at Absolute App Labs will put you and your needs first to make sure you receive your project just as how you have envisioned. From crafting to launching your very own mobile application, we’ve got your back!

If you’re reading this blog, Kudos to you! You have successfully completed your visionary iOS application just like you have envisioned it. Now, submitting your app to iOS app store might seem simple as clicking the “Submit” button but no it is not. There are lot of chances that you might get your application rejected but hey, we’re to help you out with that! So, no worries.

At the end of our latest & detailed blog on iOS app store submission checklist, you will have a clear idea on what are the things to consider before you submit your iOS app for the iOS app store. Before we dive into the iOS app release checklist, we should first understand the basics of the submission process and how important it is to keep everything in place.

We don’t like to frighten you but according to Statista, there are over a whopping 1.7 million applications are being submitted to iOS app store. But do you know how many were rejected? It’s over 400 thousands of applications due to privacy reasons. Adding to that, over 15,000 apps were rejected due to copycats, misleading and other reasons. We’re sure that you won’t fall under this 15k category since we know your app is unique!

At the same time, we shouldn’t fall under that whopping 400 thousand apps, yes? Fear not, once you read our blog, you’ll be able to successfully launch your iOS application without any issues. We’re the reliable iOS app development company, so you can always give us a call if you need any assistance!

To successfully make your app enter into the apple ecosystem you should first create apple id. Visit apple developer site to create your apple id. It’s fairly straightforward and you’ll be asked only the basic information such as your Name, Address, Contact information and so on.

Bear in mind that the Apple review team is really good at spotting red flags. So, thorough testing of your iOS application is paramount. Make sure that your applications’s functionality is good and there are no major crashes throughout the usage of your application. Bugs and crashes are the common reasons for apple to reject your app, so double check your application before submission.

This is one of the crucial stage of your iOS app release checklist. Make sure that your developed iOS application adheres to the App store guidelines. Keep a keen eye on every guideline that apple has provided especially on the user generated content. If any of your content is copyrighted make sure you have the documents for the rights. This is relevant for in app purchases too, if you have any.

Once we submit your application for review, we have to make sure that no doubts should arise amongst the testing team of Apple. To make the review process easy and simple, make sure that you include all essential information to the team. For example, if a functionality requires users to login, provide the credentials beforehand to make the process clean.

Many of the applications requires access to the user’s camera, microphone, location and so on to function properly as intended. If you’re application fall under these category, make sure that your application asks permission and also make sure that you state the reason for acquiring the information.

What’s the point of developing your application, testing and even reading our iOS app store submission checklists if the users can’t find your application in the application store. Use strategic keywords in meta data of your application to make sure that the end users are able to find your unique application.

Let’s assume that you have indeed able to get the traffic to your application. What else is there? To make the visitors stay and to download your application. To do that, make sure that you have high quality screenshots and videos of your iOS application in your basket to show off your visionary app to the users.

Apart from the said and done, make sure that you have your application version in place and keep updating the same once you release updates. Your application should be compatible with all of the apple devices and the ecosystem if your app desires.

Ensure that your app has all of the necessary functionalities that the core of your app has. For example, an eCommerce application should have the basic functionalities like the search bar, necessary integrations to make the shopping experience easy for the customers.

Here we are! We hope in that in our detailed blog on iOS app store submission checklist, we’ve covered everything for you to get your app live instantly. Remember, iOS app release isn’t just a one click “submit” option. Make sure that you have everything planned already to not miss any deadlines that you have.

If you need any guidance or need another app to be crafted, give us a call! We’re the dependable iOS App development company that you can find! Reach out and Let’s stick and grow together!

What defines a startup? Our best explanation is a dynamic environment that requires meticulous planning, coordination, and execution of work on all fronts. Adding to this would be 1) Tight deadlines and budgets 2) Accountability to investors, and 3) Uncertainty about how their product would turn out. Navigating through this ambiguity, a startup founder and team should make their product and business succeed.

But, when you think about it, for a startup to succeed and bring in more cash flow and funding, they first need to prove their product’s worth. In order to do that, all they need is a Minimum Viable Product (MVP) that covers the basic most primary features of their idea.

A native approach to building mobile apps would be a mess in such a dynamic environment. In order to overcome this, they need a platform that would help them achieve their needs quicker, smarter, and efficiently. Cross-platform app development is the perfect solution in that sense. More on this below.

Native and cross-platform app development are two different approaches to building mobile applications, each with its own advantages and disadvantages. Here's a brief comparison of the two:

Platform Specific: Native apps are built for a specific operating system (OS) such as iOS (using Swift or Objective-C) or Android (using Java or Kotlin).

Performance: Native apps often offer better performance and responsiveness because they are optimized for the specific platform's hardware and software.

User Experience: They provide a consistent and familiar user experience as they adhere to the design guidelines and standards of the respective platform.

Access to Features: Native development allows full access to all device-specific features and APIs, providing deep integration with hardware.

Development Time: Developing separate apps for different platforms requires more time and resources.

Write Once, Run Anywhere: Cross-platform development allows developers to write code once and run it on multiple platforms (iOS and Android) using frameworks like React Native, Xamarin, or Flutter.

Cost-Efficiency: It can be more cost-effective as you don't need separate development teams for each platform, and maintenance is simplified.

Time-Efficiency: Cross-platform development typically reduces development time since you write code once and share it across platforms.

Performance: While cross-platform frameworks have improved, they may not always match the performance of native apps, especially for complex or graphics-intensive applications.

Access to Features: Access to platform-specific features may be limited or require additional plugins, which can increase complexity.

This is the zeroth reason why startups should choose cross platforms. Startups operate in a dynamic environment with evolving requirements and limited resources. Cross-platform frameworks like React Native, Xamarin, and Flutter offer flexibility, allowing developers to adapt the app quickly in response to changing market conditions or user feedback. This agility is essential for startups as they navigate uncertainties and pivot their strategies.

Time is of the essence for startups trying to establish themselves in the market. Cross-platform development accelerates the development process as developers can reuse a significant portion of the codebase across platforms. This reduces development time, allowing startups to launch their app sooner and gain a competitive edge.

Startups typically operate with limited budgets. Cross-platform development allows them to save costs by writing code once and deploying it on multiple platforms. This eliminates the need for separate development teams for iOS and Android, as well as the associated costs of maintaining two separate codebases. It's a cost-effective way to reach a broader audience.

Startups often need to quickly build a user base and expand their reach. Cross-platform apps enable them to target both iOS and Android users simultaneously, maximizing their potential audience. This broader reach can help startups attract more users and investors early on.

Maintaining multiple codebases can be a logistical nightmare. With cross-platform development, startups have a single codebase to maintain and update. This simplifies the process of fixing bugs, adding new features, and ensuring consistent performance across platforms, saving time and resources in the long run.

Startups looking to develop cross-platform applications have several excellent technologies to consider. The choice depends on specific project requirements, team expertise, and the desired user experience. Here are five of the best cross-platform technologies for startups:

Developed by Facebook, React Native is a popular choice for building cross-platform mobile apps. It uses JavaScript and allows developers to create native-like experiences for both iOS and Android. React Native has a strong community and a vast ecosystem of libraries and components, making it a robust choice for startups. Around 42% of developers around the world use React Native as per Statistica.

Created by Google, Flutter is known for its fast development and expressive UI capabilities. It uses the Dart programming language and provides a rich set of customizable widgets. Flutter offers a high degree of customization and can produce high-performance apps with a single codebase for multiple platforms.

Xamarin uses C# and .NET to build cross-platform mobile apps. It offers deep integration with the Microsoft ecosystem and provides access to a wide range of libraries and tools. Xamarin. Forms allow for shared UI code, making it easier to maintain a single codebase for multiple platforms.

Built on top of web technologies like HTML, CSS, and JavaScript, Ionic is a framework for building cross-platform mobile and web apps. It uses web view components to render apps on different platforms, offering a familiar web development experience. Ionic is particularly suitable for startups with web development expertise.

PhoneGap, also known as Apache Cordova, enables developers to use web technologies to build mobile apps. It wraps web code in a native container, allowing it to run on various platforms. PhoneGap is easy to learn and can be a good choice for startups that want to leverage their existing web development skills.

The choice of native versus cross-platform development has been plaguing the minds of architects and developers ever since the debate began. However, it is clearly evident that startups need quick prototypes and the ability to pivot easily. The lift of pivot is already a bigger burden and then don’t need to carry the burden of technology lift as well.

Hence, Cross-platform development is the perfect solution for them and they can always go to native once they grow big! Hopefully someday.

Got a vision for an app but are unsure of where to begin? Are you concerned that investors won’t take your idea seriously because it’s just a concept with no working prototype? If you simply shrugged in agreement, now is the time to move forward, take the risk, and begin working on your MVP.

Startup business founders frequently experience difficulties getting finance or gaining momentum in the marketplace. When they finally redesign their app to meet user expectations, it’s either too late or they’ve already spent a lot more money than they had originally planned. Having stated that, one reason why business owners hesitate to create an MVP app is the accompanying expense. Finding a balance and deciding wisely is the key. This is the point where you ought to comprehend the process of developing an MVP and how much it will cost.

When it comes to estimating the costs of developing an MVP, each company or expert will provide you with a different range. The estimates will still differ even if you explain your idea in the same way. This occurs as a result of the wide range of variable elements that affect MVP software costs. The most important among them are:

The ultimate MVP price will differ based on the number of developers you require and how you plan to recruit them. The three most obvious options are:

The cost of an MVP mobile app might range from ₹500/hour to ₹1000 /hour if you use a freelancer. The freelancer's experience and level of proficiency influence the rate. The cheapest option, in all reality, is to hire freelancers. This isn't always the best course of action, though, as freelancers won't always be as readily available as you need them to be or they may abandon the project altogether. Also If something were to happen to your sole developer, the entire process would be halted, and the budget might rise along with it.

The first scenario suggests the effort of trying to discover and hire developers to become full-time employees of your team. For such teams to be effective, thorough team development, strategic alignment, and cultural alignment are necessary. You will also need to spend money on office space and facilities if you have co-located teams. In-house working also entails paying for things like Payroll, benefits, taxes, office space, software, hardware, sick days, and vacation time. However still, you are responsible for managing and coordinating the project. The monthly MVP estimate for setting up an internal team is between ₹50000 – ₹200000 depending on the number of hires and their proficiency.

Outsourcing is usually a superior alternative because it allows you to hire an already experienced crew from outside. However, by not having to create such a team from the beginning on your own, you get to save time. You can utilize their knowledge. They genuinely assist you in making those difficult decisions regarding tech stack, functionality, etc. Skilled management guarantees an efficient workflow, saving you both time and money. Outsourcing is usually a superior alternative because it allows you to hire an already established staff from outside. Furthermore, you save time by not having to develop such a team from scratch. You have access to their knowledge. They are really helpful in making those difficult decisions regarding technology stack, functionality, and so on. Expert management ensures that the workflow runs well, saving you both time and money. If you decide to hire an app development agency to oversee the whole project, the flipside is that your budget might get hit, but if you can find the perfect one, it will be well worth it. If you choose an outsourcing team, the cost will depend on the hiring model and per hour pricing of the developers set by the outsourcing company.

The type of application, followed by its complexity and features, is what most heavily influences the cost of producing an MVP. In other words, the lower the level of complexity, the lower the cost of developing an app, and vice versa. Hence, you must first decide which features are essential to the functionality and goal of your application. You should include these crucial elements in the app from the start. Your MVP should not include any unnecessary features. Prioritize the elements you want to include. The outcome of such prioritization is dependent on the client's business vision and the skills of the development partner.

The design phase of developing an MVP app may take up a significant amount of time. The high cost of designing apps and websites is actually influenced by your choice of wireframes, user interface, and hiring of pros. Because of this, it's important to plan ahead and calculate the cost of development. You should estimate the cost of the initial design and add it to the cost of the user interface (UI) that you've selected to get a rough figure. A decent user experience is ensured by selecting a minimal Interface, which also minimizes expenditure. The estimated cost of an MVP design will range from $1500 to $7500 depending on the complexity, time frame, and location of the design as well as the type of crew working on it.

The cost of developing an MVP is also determined by the technology stack used. The experienced development partner picks the technologies with the minimum resource requirements. The tech stack here contributes to the development of a compact, reliable, and secure solution. The programmers also guarantee that the solution is compatible with all platforms and web browsers. Choose the appropriate tech stack needed for your MVP application development based on complexity. Some of the best tech stacks are, 

• LAMP 
• MEAN
• MERN
• ASP.NET
• MEVN
• Ruby on Rails

Even after the launch of your MVP startup, your responsibilities are not over. You must be prepared to make post-launch investments if you want to get the best returns. If you want your MVP application to achieve the desired results, you must promote, market, and maintain it after it is launched.

You may attract users' attention by proactively and strategically promoting your MVP. You can begin even if you are still in the development phase. You have a vast array of options at your disposal.  In case you go with outbound marketing, you can use well-known websites and apps like Google, Facebook, Instagram, LinkedIn, Twitter, and Pinterest. In comparison, inbound marketing entails writing blogs about your product and publishing quality content about it.

Your product will need to be upgraded with more features as more users use it. In order to accommodate those changes, your MVP must be adaptable. The price of introducing new features varies according to their complexity and length of development. Depending on what features you want to include in your MVP, your technical consultant will undoubtedly inform you of the approximate pricing.

The MVP must be maintained once it has been created to keep on the excellent job. In addition to maintenance fees, there are charges for servers and third-party integrations. For user interactions and data transfer with your MVP, these features are essential. The maintenance team keeps an eye on software security, delivers required server updates, optimizes resource usage, and so forth-everything required for software availability around-the-clock.

Estimating an MVP's cost is not a grueling task. You now know the elements that influence the price of developing an MVP for startups. It would be great if you were able to strike a price/quality balance that pleased you. While there are several ways to cut the cost of the MVP, it might make sense that a software product with cheaper costs would also have inferior quality. Yet, if you adhere to these best practices when developing an MVP, you may produce a premium product that offers users genuine value without going over budget.

If you are looking to estimate your MVP and build it for presenting to investors, contact Absolute App Labs – one of the best Mobile App Development Companies in Chennai.

The journey of a successful entrepreneur begins often with a simple idea. An idea should be simple, but it should solve a complex problem. The difference between success and failure is execution (and funds :P). Ideas are cheap. An idea is worth a million dollars only if it gets built. 

The necessity for capital has killed a lot of businesses, and successful funding has gifted this world myriads of great ideas. But, is it tough to access capital when you have a good idea, good team, and a clear vision. The answer is no. All you need, in order to raise a capital, is a great MVP that showcases your vision to investors. And, TADA, you get your funding and the opportunity to build your idea. 

But, how do you build a MVP that captures the hearts and minds of investors? What are the steps to present and raise pre-seed funding for your idea with an MVP? The first step, obviously, is to create an MVP. The next would be presenting it to the right people. The following blog would give you a  brief idea on how to do both.

If you are looking for technology partners who can help build your MVP, take a look at our portfolio and reach out to us. Let’s talk and see if we can work together and grow.

Minimum Viable product (MVP) is a, say, skeleton version of your product which hosts only the primary features. MVP helps the companies to determine whether the product is worth further development. It is mainly targeted at collecting user feedback. Using that feedback, we can check the viability of the product in the marketplace.  MVPs can highlight any potential issue which could crash down our profits in the future. Complete feature set of the product would be mapped and built only based on the success of the MVPs and user feedback on more relevant features.

Product developers quickly discover which features are preferred and which are not through initial customer contact. This provides necessary information regarding how  the product should be roadmapped for development. Through cycles of feedback and development, the product is constantly updated. The product is further improved by the developers after analyzing this feedback. Customers provide feedback once more, and the cycle continues. But, everything great begins with an MVP.

Many startups, when they fail to attract users/ investors they call it a failed MVP. The actual problem is a failure to follow the right processes involved in creating an MVP. To successfully create an MVP, all of the following steps must be followed:

1. Idea Validation: Your first priority should always be to validate your ideas. How can you implement your ideas to benefit users? How will it be profitable for you as well as your clients? What else could they possibly expect from us? Make certain that the users truly require what your end product is offering. Only and only if there is demand, then can there be supply.
2. Market Research: Ideas occasionally don't match the demands of the market. Prior to starting an MVP Development process, a business should make sure that the idea will meet the needs of the target users. Conducting surveys would be beneficial for any business. A company's chances of success are higher when it has more data. Don't forget to keep an eye on what your competitors are offering and how you can make your product idea stand out. If your idea is one of a kind, get user opinions before investing heavily into your product.
3. MVP Features: At this stage, by analyzing the surveys and results from market research, we have to prioritize our MVP features. Focus mainly on the needs of your target audience. Sort the remaining MVP features into three priority categories: High, Medium, and Low. The placement of these features in the product backlog is a further crucial step (priority-wise). It's time to start working on an MVP. An MVP prototype can be made by an expert UI/UX or Mobile App Development Company to get a glimpse of the look and feel of your product.
4. Feedback Phase: Perform a thorough test once the MVP is complete. You should start by allowing individuals who fit your buyer persona to test your product. After business has decided on the features, the MVP can be launched. In order to obtain more user feedback, it is also essential to promote the MVP.
5. Development Phase: Work on creating the MVP in accordance with user feedback after receiving it. A mature product can be created by continuously improving your MVP, learning from your mistakes, and applying what you've learned. Up until you have the ideal MVP, this process will primarily consist of a continuous cycle of analysis and development.

An MVP enables you to collect preliminary data that validates users' interest in your product. The full version can be developed after the MVP, which would increase the odds of the success of your product. With the help of MVP, you can:

• Invest your time and money in a project that will be successful.
• Examine whether your customers are satisfied with your product.
• Determine which trends you can use to your advantage when developing the full version of the product.
• Attracting investors as quickly as you can.
  Saving money and time on your final product

Some investors use a set of criteria to select the startups for their investment portfolio. Try to comprehend what they are seeking and demonstrate that you can provide it. Prepare to go into great detail about your PR/marketing strategy, the market you are aiming for, the competition, the financials, as well as some more personal topics like your motivation and qualifications. Furthermore, it's critical to have a detailed plan for how you intend to use the requested funds. This will reassure investors that you will be able to successfully launch and expand your business. You'll be in a better position to obtain MVP funding if you are open and truthful about the risks involved.

And the most important thing is vision. What’s your product going to do to the market in the next five to ten years? What is your vision for the product? Be clear and specific on how you are planning to disrupt the market and be truthful about it.

1. Bank Loan: Obtaining a loan can be an efficient way to get your business off the ground. This may appear to be a risky and costly approach in the short term, but if your company takes off, it can save you a lot of money and equity.
2. Crowdfunding: It is a way of raising funds from a large number of people instead of a few selected investors. When an MVP can pique the interest and excitement of potential investors with a compelling story and a compelling pitch deck, it can be a good source of funding.
3. Venture Capitalists: High-net-worth individuals frequently invest in early-stage companies as venture capitalists in exchange for equity. Despite the fact that they frequently concentrate on high-growth businesses, they can also serve as a source of funding for a minimum viable product with great potential.
4. Family/Friends: If your family and friends believe in your business, they also could be a source of funding. It is important to treat them as an investor, even though they are family so that you will be accountable.

For startups looking to secure funding and attract investment, MVP is a crucial and game-changing stepping stone. Startups can increase their likelihood of attracting investment and obtaining funding to expand their business by demonstrating market validation, utilizing data and analytics, and overcoming typical obstacles. Understanding the role of an MVP  in securing funding is crucial in today's cutthroat business environment, regardless of whether you are a startup founder, investor, or entrepreneur. Startups can create a compelling and effective MVP  to support them in achieving their objectives and scaling new heights with the right preparation, research, and innovation.

If you are startup owner/ ideator, who would like to collaborate with a technology team to create your MVP, reach out to Absolute App Labs – One of the best Mobile app development companies in Chennai.