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2013-09-12

Shopsense raises its seed funding from Kae Capital

Mumbai based Shopsense has raised a seed round of funding from Kae Capital, angel investor Jehaan Mehta and also from a group of angels under Powai Lake Ventures.

 

Mumbai based  Shopsense  has raised a seed round of funding from Kae Capital, angel investor Jehaan Mehta and  also from a group of angels under Powai Lake Ventures.

 

The amount of the fund has not been disclosed by the company but the fund would be used in building smart technology for the retail sector of the company.

 

Sasha Mirchandani, MD, Kae Capital said, “Shopsense has credible founders and a large market opportunity. The amalgamation of technology in retail is much needed and this has the potential to make shopping highly interactive.”

 

Farooq Adam, Co-founder, Shopsense said, “The funding will allow us to set up an efficient development team, which will improve our technology even further.”

 

Earlier this year Shopsense conducted the pilot for its technology at the Diesel store in Mumbai  and more recently developed user experience and interface for Big Bazaar Direct.

 

Shopsense was founded in 2012 by IIT Bombay graduates Farooq Adam, Harsh Shah and Sreeraman MG. Shopsense helps in bridging the gap between the ease and convenience of digital shopping with the touch and feel experience of physical shopping.

 

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