The investment will be utilized for bolstering its brand presence across 30 cities of the country.
Zopper, a hyper local mobile marketplace has raised its second round of funding of $20mn from Tiger Global and Nirvana Ventures Advisors in early May this year. The investment will be utilized for bolstering its brand presence across 30 cities of the country, key appointments and technology to accelerate the growth of the company.
Zopper features over 5, 00,000 offline retailers. Founded by serial entrepreneurs Surjendu Kulia and Neeraj Jain, Zopper taps on the benefits of shopping at a retail store and marries them with the convenience of shopping via mobile phones.
“Users can buy from the comfort of their homes/offices and get the product instantly from their nearby trusted stores. Backed by marquee investors such as Tiger Global, Blume Ventures and Nirvana Ventures Advisors in Series-A funding, the company has raised over $6.5 million in venture funding,” said the company’s official release.
Neeraj Jain, Co-founder & CEO, Zopper commented, “The concept of hyper local is gaining wide popularity pan-India, hence, we are leaving no stone unturned in meeting the requirements of this rapidly emerging market. With the second round of funding, we wish to fortify our presence in the major cities of India and rope in more retailers to give them higher visibility and provide a satisfying experience to our patrons.”
Zopper secured Series-A funding from Tiger Global and Nirvana Ventures Advisors in June 2014 that was utilized judiciously in building a strong foundation for itself. With the newly accomplished Series B funding, the company is set to achieve significant development by implementing its expansion plans and indulging in strategic hiring.
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