October 22, 2020 3:00:59 am
Do-it-yourself on-line market startup Dukaan has raised $6 million in seed funding from traders Matrix Companions and Lightspeed India Companions, along with as many as 13 angel traders. The funding comes at a time when is entangled in a authorized battle with one other startup over alleged mental property theft. Because of the case, which is pending within the Karnataka Excessive Court docket, Dukaan is unable to onboard new prospects and function on Play Retailer.
The app, which is run by Mumbai-based Growthpond Expertise Pvt Ltd, allows shopkeepers or kirana retailer house owners to arrange and run their very own on-line retailer.
“A typical Dukaandar now installs the Dukaan app, begins importing stock (as merchandise), will get a novel retailer hyperlink, shares this hyperlink together with his/her prospects on WhatsApp and begins accepting on-line orders,” Dukaan co-founder Subhash Choudhary stated.
Within the first two months of its operations, the platform was in a position to document 600,000 orders producing greater than Rs 100 crore in gross sales for its sellers. Choudhary stated that the corporate was aiming to onboard 70 million retailers on the platform.
Along with the 2 marquee enterprise capital funds, the angel traders together with Network18 founding CEO Haresh Chawla, Product Hunt Founder Ryan Hoover, Citrus Pay founder Jitendra Gupta, Razorpay founder Shashank Kumar and Cred founder Kunal Shah.
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